Fed, Trump and Jerome Powell
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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,
Analysts at Deutsche Bank consider the president's removal of Fed chief Jerome Powell "one of the largest under-priced event risks over the coming months."
Markets got back to treading water this week, as inflation and tariff concerns have some analysts pushing the next interest rate cut to December.
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Here's what could happen if Trump decides to take his feud with Powell to the next levelThat's the thrust behind his yearslong feud ... market strategist at BCA Research, says markets are still holding onto some fear that lowering rates prematurely will cause inflation to rise. That's because investors are still waiting to see the full impact ...
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.
Stocks sold off sharply intraday after multiple reports suggested President Trump is considering firing Fed Chair Jerome Powell.
With the caveat that this is a low-probability event, we discuss what the implications of an early departure of Powell would mean for Treasuries and the dollar. We assume that an early departure of Powell would be followed quickly by a replacement super-dove as head of the Federal Reserve.
While Trump’s attacks on Musk and Powell make for good drama, it’s unlikely either feud will mean much for stocks. Tesla shares tumbled more than 5% Tuesday, but the selloff barely made a dent in the broader market ... to have an impact on the U.S ...
The Fed Chair on Tuesday reiterated the central bank plans to "wait and learn more" about the impact of tariffs on inflation before lowering rates.
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.