๐จ JUST IN: Trump signals he might reconsider firing Fed Chair Jerome Powell ๐บ๐ธ๐ฅ
In a fiery post, Trump slammed Powell as a โtotal and complete moronโ ๐ฌ and hinted at walking back his earlier decision not to fire him. This comes amid rising political pressure on the Fed to cut rates before the election.
๐ง While legal experts say removing Powell without cause is unlikely, the message is clear: Trump wants dovish policyโfast. Fed Governor Waller (a Trump pick) already supports a rate cut as early as July. ๐
๐ Market angle: Expect increased volatility as Fed independence meets political fire.
