Trump, Powell
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2hon MSN
The Investment Committee react to the possibility of President Trump firing Fed Chair Jerome Powell.
If President Trump gets his way and removes Jerome Powell as chairman of the U.S. Federal Reserve, the market reaction would be swift and brutal, Deutsche Bank’s George Saravelos argues. It could collapse the currency and bond markets,
Markets either don't believe the White House attempts to force out the Federal Reserve chair will succeed, or they assume it's all bluster. But there's good reason to be wary of the sort of uncertainty that renewed Fed-bashing may be building under the surface.
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,
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 ...
President Donald Trump’s attacks on Federal Reserve Chair 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.
US stocks slipped Wednesday to close mixed as Fed chair Powell testifies to Congress for a second day and Tesla's stock falls.