Fed, Trump and Powell
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A potential ouster of Federal Reserve chair Jerome Powell by U.S. President Donald Trump could "collapse" both the currency and bond markets and would lead to a spike in inflation expectations, Deutsche Bank said on Friday.
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MiBolsilloColombia on MSNGOP senators push back on Powell ouster, warn of market turmoilRepublican senators warned Trump not to fire Fed Chair Jerome Powell, citing risks to market stability and the Fed’s independence.
A Fed chief warmer to cutting rates could have a mixed effect on equities but could weaken the U.S. dollar, increase volatility in the Treasurys market and raise longer-term rates.
The Wall Street Journal reported on Saturday that Bessent made clear his concerns about firing the Fed chairman in private talks with the president last week.
Federal Reserve Chair Jerome Powell is in President Donald Trump’s line of fire again.. Trump urged Powell’s ouster to cut interest rates to soften the economic blow of his tariff plan in a ...
Trump has rattled Wall Street by repeatedly criticizing Powell and suggesting he had the ability to remove the Fed chair before the end of his term. U.S. equities sank on April 21 as traders ...