Trump, Jerome Powell
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If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets.
Traders are growing increasingly confident that the Federal Reserve will cut interest rates in September amid the public feud between President Donald Trump and Fed Chair Jerome Powell. The market sees a 54% chance of the central bank lowering borrowing costs in September,
Top voices on Wall Street have expressed alarm over the idea that Trump could fire Fed Chair Jerome Powell, emphasizing the need for Fed independence.
While Trump may be denying reports he will fire Powell, reports tell a different story. Here's what Tennesseans need to know about Powell and the Fed.
Signals from the bond market suggest tariffs are only having a mild impact on asset prices, strategists say. But that could change if inflation sets in more durably.
There's a chance Donald Trump won't get lower interest rates even after he finds a replacement for Fed Chair Powell, market pros told BI.
Odds of Jerome Powell's removal hit new highs as Trump waves draft firing letter. Political pressure and inflation data drive markets into uncertainty.
Financial markets were reacting in an understandable way to conflicting reports over the future of Federal Reserve Chair Jerome Powell, and whether President Donald Trump will or won't be firing him soon.
President Trump's tariff threats are more about dominating the news than trade negotiations, causing market reactions and raising economic concerns. His feud with Fed Chair Jerome Powell and potential aggressive interest rate cuts add further market uncertainty.
Stocks sold off sharply intraday after multiple reports suggested President Trump is considering firing Fed Chair Jerome Powell.
What Trump's feud with Fed Chair Powell means for markets, individuals. Russ Wiles. Arizona Republic. ... Concern over this issue contributed to a sharp stock market drop April 21.