๐บ๐ธ๐ฅ Trump Targets Fed Chair Powell โ Rate Cuts Incoming? ๐ธ๐
๐ฅ Former President Donald Trump is shaking up the economic headlines once again โ and this time, heโs coming directly for the Federal Reserve Chair. Speaking at the NATO summit in The Hague, Trump told reporters heโs already hunting for a new Fed chief who is 100% committed to slashing interest rates. ๐ฆโ๏ธ
๐ฃ๏ธ โIf I think somebodyโs going to keep the rates where they areโฆ Iโm going to put somebody that wants to cut rates. There are a lot of them out there.โ
๐ His war of words with Jerome Powell has reached boiling point โ Trump bluntly called him a โstubborn mule and a stupid person.โ The tension isnโt new, but now itโs going next-level, with Trump saying he has โthree or fourโ names in mind for Powellโs replacement.
โณ Powellโs term doesnโt end until May 2026, but Trump clearly isnโt waiting. Behind the scenes, speculation is growing fast. Names like Kevin Warsh and Scott Bessent have surfaced, though Trump hasnโt confirmed anything. He wants someone whoโll chop rates by 2.5%, a move that would shake the global markets. ๐๐ฑ
๐ The Bloomberg Dollar Spot Index already reacted โ dropping 0.2% Thursday, as Trumpโs comments sent the USD tumbling against major currencies.
๐งจ Meanwhile, Powell remains cautious, keeping rates between 4.25%โ4.5% and only hinting at a 0.5% cut by the end of 2025 โ far from Trumpโs aggressive plan. ๐ผ๐
๐ Trumpโs message is loud and clear:
โRegardless, his [Powellโs] term ends shortly!โ
๐ค Is a new Fed era coming? Will Trumpโs rate-cut revolution reshape the U.S. economy?
Stay tunedโฆ the money games are just getting started. ๐ฐ๐ฏ