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- US President Trump reaffirms commitment to not terminating Federal Reserve chairman amidst ongoing economic disputes
US President Trump reaffirms commitment to not terminating Federal Reserve chairman amidst ongoing economic disputes
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US President Donald Trump has made contradictory statements regarding his intentions towards Federal Reserve Chairman Jerome Powell. Initially, Trump implied that he could fire Powell, citing concerns over Powell's warnings about the potential for inflation due to the White House's tariffs policy. However, in a subsequent statement, Trump denied having any intention to fire Powell. This denial was met with a surge in US stock futures.
With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a slowing of the economy unless Mr. too late, a major loser, lowers interest rates, now.
I would like to see him be a little more active in terms of his idea to lower interest rates. This is the perfect time to lower interest rates. If he doesn't, is it the end? No, it's not.
The press runs away with things. I have no intention of firing him.
The 'sell USA' strategy would become mainstream. This would also have an impact on the real economy, leading to a recession.
I would expect to see a dramatic fall in the stock and bond markets.
US Economy
- US Federal Reserve maintains pause in rate cuts amid uncertainty over inflation and unemployment risks
- US economy contracts in first quarter
- US gold price hits record high as investors respond to President Trump's economic policies
sources
perspectives
countries
organizations
- 1.Federal Reserve System
- 2.White House
- 3.Villanova University
- 4.Merit Systems Protection Board
- 5.Nasdaq
- 6.National Labor Relations Board
- 7.Truth Social
- 8.US Supreme Court