Fed Chair Powell praises integrity and public service amid unrelenting Trump attacks
Washington
CNN
—
Being an honest public servant will always be a rewarding choice, Federal Reserve Chair Jerome Powell said Sunday in a speech at a pre-graduation ceremony at Princeton University amid months of unrelenting personal attacks from President Donald Trump.
Jerome Powell has hinted at a potential interest rate cut, citing shifts in inflation and economic conditions since 2020. This announcement has sent shockwaves through financial markets, with investors closely watching for further developments.
What This Means for Markets
📉 Stock Market Reaction: Investors are adjusting their portfolios in anticipation of lower borrowing costs.
💰 Crypto & Commodities: Bitcoin and gold prices may see increased volatility as traders react to potential monetary policy shifts.
🏦 Banking & Loans: A rate cut could lead to lower mortgage and loan rates, impacting consumer spending.