đš TRUMP MIGHT FIRE FED CHAIR POWELL?! đš
đ Heâs Said It Again⊠With Real Consequences
Trump criticized Powell as a âtotal and complete moronâ and ânumbskull,â accusing him of hurting the economy with high rates youtube.com+15aa.com.tr+15cbsnews.com+15.
He hinted he âmaybeâ would reconsider firing Powell after his term ends in May 2026, though he currently says he doesnât plan to remove him immediately en.wikipedia.org+14aa.com.tr+14cbsnews.com+14.
Despite political pressure, a recent Supreme Court ruling reaffirms Federal Reserve independence, meaning firing Powell could be legally blocked unless âfor causeâ reuters.com.
Trump is expected to announce his Fed chair successor early, which has rattled markets worried about potential âshadow Fed chairâ confusion 24newshd.tv+13reuters.com+13en.wikipedia.org+13.
đ§ Why It Matters
Market volatility: Any threat to Fed independence can spark bond and equity sellâoffs.
Policy uncertainty: A push for quicker rate cuts could reshape interest rate expectations.
Power dynamics: Choosing a new chair early is a major move toward presidential influence over monetary policy.
