#PowellVsTrump 🚨 *Trump May Not Fire Fed Chair Powell* 🤔
Donald Trump seems to hint that he could change his mind about firing Federal Reserve Chair Jerome Powell, even though he has criticized how Powell is raising interest rates. Trump said, "I don't like what he's doing with interest rates — I think he is doing a big mistake. But let's see what happens, I may change my mind" 🤷♂️.
*The Fed's Stance:*
- *Interest Rates:* The Federal Reserve held interest rates steady, but forecast slower economic growth and elevated inflation through 2025 📈.
- *Inflation Control:* Powell has defended the Fed's stance by saying that the Fed is working to control inflation and promote longer-term economic stability 💸.
*Market Impact:*
- *Volatility:* The markets have shown signs of volatility in light of Trump's comments which could linger until the Fed's next rate decision at the end of July 📊.
- *Uncertainty:* The implications of Trump's actions on the Fed's independence are complicated, especially because of a recent Supreme Court ruling limiting the president's ability to remove the Fed Chair for any reason ⚖️.
*What's Next?* 🤔 Watch this space for updates on #TrumpNews #JeromePowell #FederalReserve #InterestRates #Economy #Inflation #2025Politics #TrumpVsFed #EconomicPolicy #USNationalDebt #PowellVsTrump.