Trump, Jerome Powell and Fed
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MiBolsilloColombia on MSNTrump walks back talk of firing Powell, denies any planTrump denies plans to fire Fed Chair Jerome Powell, despite past tensions and market uncertainty over monetary policy
Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia was set to receive a green light for trade with China from the Trump administration.
In the unlikely event that Fed Chair Powell is removed or steps down before his term ends in May 2026, we would likely see a sharp steepening in the Treasury curve as markets price in cuts, inflation risks,
Potential removal of Fed Chair Jerome Powell could disrupt markets, spike inflation expectations, and impact the USD and bonds.
President Donald Trump’s attacks on Federal Reserve Chairman Jerome Powell are so commonplace at this point that they barely register in financial markets these days. The rapidly intensifying multi-pronged efforts by Trump’s advisers to amplify and expand on Trump’s attacks are a good reason to rethink that indifference.
Trump is dialing up the pressure on Jerome Powell and could name a new Fed Chair early ... and more importantly, if it has a negative market reaction, bond yields will go up as a result." The path for interest-rate cuts largely depends on incoming ...