Big News: Is the Fed Chair Out? Trump Says Powell ‘Leaves Very Soon’
Main Idea
U.S. President Donald Trump hinted at a potential departure of Federal Reserve Chair Jerome Powell, while discussing the impact of interest rate cuts on the U.S. market.
Key Points
1. Trump suggested that Jerome Powell might leave his position as Fed Chair soon, though he later clarified it is unlikely.
2. Trump emphasized the benefits of rate cuts, stating each point cut could save $360 billion, but noted the U.S. has not implemented cuts like Europe.
3. The Federal Open Market Committee (FOMC) will decide on interest rates in their meeting on July 30.
4. Trump acknowledged the negative impact of unchanged rates on the U.S. housing market.
Description
The post Big News: Is the Fed Chair Out? Trump Says Powell ‘Leaves Very Soon’ appeared first on Coinpedia Fintech News U.S. President Donald Trump has recently hinted that Federal Reserve Chair Jerome Powell might soon bid farewell. Trump said that a rate cut could make the US markets more attractive to buyers, while Powell believes in a steady market. However, despite all the internal feuds, Trump added he will miss Powell when he leaves. Is Jerome Powell Leaving As Fed Chair? During a recent t...
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