


Market Relief as Trump Reaffirms Support for Powell Amid Trade War Easing
Trump reassures markets by stating he won't fire Powell, boosting investor confidence and causing significant rallies on Wall Street and in Asia.



Trump Has No Plans to Fire Fed Chair Jerome Powell

Breitbart News

Trump says he has 'no intention' of firing Federal Reserve chair

Associated Press
Overview
President Trump has calmed markets by declaring he has no intention of firing Federal Reserve Chair Jerome Powell, following warnings from advisers about potential market turmoil. This announcement, paired with insights from Treasury Secretary Scott Bessent about an impending de-escalation of trade tensions with China, led to a surge in U.S. stock futures. The Dow futures rose by 1.9%, while S&P 500 and Nasdaq futures increased by 2.6% and 3%, respectively. International markets also rallied, although the IMF has downgraded global growth forecasts to 2.8%, raising long-term concerns about economic stability.
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Analysis
Left
Trump's fluctuating stance and recent backing off threats against Powell indicate a worrying pattern of interference in the Federal Reserve’s operations, further politicizing monetary policy.
Market volatility reflects the dangers of Trump's public criticisms of Powell, reinforcing fears about the politicization of the Fed and its effect on investor confidence.
Powell's commitment to maintaining Fed independence is crucial for economic stability, especially in light of persistent pressure from the president.
Center
Trump has reiterated that he has 'no intention of firing' Jerome Powell, aiming to quell market fears over his threats against the Federal Reserve Chair.
Despite expressing frustration at Powell's cautious approach to interest rates, Trump's recent remarks emphasize a desire for collaboration rather than drastic changes in leadership at the Fed.
The stock market's rebound following Powell’s steadfastness shows the importance of maintaining the Fed's independence amidst political commentary.
Right
Trump's insistence that he won't fire Powell comes amidst his calls for quicker interest rate cuts, reflecting his belief that the Fed is acting too conservatively given current economic conditions.
Attention has been drawn to the complexities of removing Powell, highlighting the checks in place within the Fed that might resist any attempts to shift monetary policy control.
Despite potential discussions about Powell's removal, market analysts argue that such a move could backfire and complicate monetary policy rather than facilitate Trump’s agenda for rate cuts.
Left
Trump's fluctuating stance and recent backing off threats against Powell indicate a worrying pattern of interference in the Federal Reserve’s operations, further politicizing monetary policy.
Market volatility reflects the dangers of Trump's public criticisms of Powell, reinforcing fears about the politicization of the Fed and its effect on investor confidence.
Powell's commitment to maintaining Fed independence is crucial for economic stability, especially in light of persistent pressure from the president.
Center
Trump has reiterated that he has 'no intention of firing' Jerome Powell, aiming to quell market fears over his threats against the Federal Reserve Chair.
Despite expressing frustration at Powell's cautious approach to interest rates, Trump's recent remarks emphasize a desire for collaboration rather than drastic changes in leadership at the Fed.
The stock market's rebound following Powell’s steadfastness shows the importance of maintaining the Fed's independence amidst political commentary.
Right
Trump's insistence that he won't fire Powell comes amidst his calls for quicker interest rate cuts, reflecting his belief that the Fed is acting too conservatively given current economic conditions.
Attention has been drawn to the complexities of removing Powell, highlighting the checks in place within the Fed that might resist any attempts to shift monetary policy control.
Despite potential discussions about Powell's removal, market analysts argue that such a move could backfire and complicate monetary policy rather than facilitate Trump’s agenda for rate cuts.
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