Trump, Scott Bessent and Powell
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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,
Four potential Powell replacements have been shortlisted by the betting market. Here's who's in the running to be the next Fed Chair.
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.
Trump and the Trump administration have increasingly turned their fire on Powell and his leadership of the central bank.
Warren added the next Fed chair will face a tough task proving they’re committed to central bank autonomy, as concerns grow that Trump may nominate someone more loyal to him than to economic principles.
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Privately, White House officials acknowledge uncertainty about Trump firing Powell solely based on accusations he mismanaged a multi-year renovation project.
President Donald Trump continues to face backlash from his MAGA supporters over his administration's handling of the Jeffrey Epstein files, calling on Attorney General Pam Bondi "to produce any and all pertinent Grand Jury testimony, subject to Court approval" related to the case.
A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.