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💥 Exciting Rumors: Was Powell Forced to Resign by Trump?
Some sources have circulated rumors that Jerome Powell was ousted from his position under pressure from Trump, and some believe this is a good thing because the "printing machine" will run non-stop 💸.
But let's set the record straight:
1️⃣ Personally, I highly doubt the validity of these rumors. Powell has always defended the independence of the Fed, and he clearly is the type who will fight to maintain it.
2️⃣ If the rumor is true, the markets would collapse immediately!
Investors, more than their desire for lower interest rates or monetary printing, want the independence of the Fed and the separation of powers.
The decline in my opinion (if true) would be temporary 🤷♂️
🚨⚠️ However, caution is required regarding this matter (if true).
