Fed, Trump and Powell
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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."
As speculation swirled Wednesday that President Trump might fire Federal Reserve Chair Jerome Powell, investors scrambled to adjust their strategies, despite Trump later downplaying the possibility, Bloomberg News reported Sunday.
President Donald Trump pushed back on a report from over the weekend that revealed Treasury Secretary Scott Bessent listed the reasons against firing Federal Reserve Chairman Jerome Powell to the president in a private conversation,
J.P. Morgan warned in a note that Trump's pressure on the Federal Reserve and threats to fire Chair Powell could undercut central bank independence and increase inflation risks.
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.
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.
It’s just six months into President Trump’s second term, and speculation is swirling about the fate of his Federal Reserve chairman, Jerome Powell. Headlines pulse with the drama of his impending firing, and pundits are debating the consequences — as if such an act were merely a question of presidential will.
On Wednesday morning, as markets worldwide shuddered on news that President Donald Trump was likely to fire Jerome Powell, James van Geelen at Citrini Research wasted no time in blasting a “macro trade” alert to his some 50,