White House Prepares Move Against Fed Chairman Powell
2025-07-16 16:14:19
Main Idea
The White House is considering removing Federal Reserve Chairman Powell, amid political tensions and criticisms from former President Trump, raising concerns about the Fed's independence and market stability.
Key Points
1. Since December, the Federal Reserve has not lowered interest rates, leading to discussions about Chair Powell’s alleged political maneuvers.
2. Former President Trump has frequently criticized Powell’s political stance and demanded interest rate cuts via social media.
3. Trump highlighted the significant budget spent on renovating the Fed’s complex, while the Fed shifted focus to Trump’s tax laws.
4. Reports suggested potential rate cuts in July, with internal discussions about removing Powell from his position.
5. Trump discussed Powell’s removal, though no official timeline exists for a decision regarding the Fed chairmanship.
6. Market implications include potential volatility, with the S&P 500 and Bitcoin experiencing fluctuations.
Description
Fed has refrained from cutting rates since December, sparking political debate. Speculation rises over Powell's future as Trump prepares a removal draft. Continue Reading: White House Prepares Move Against Fed Chairman Powell The post White House Prepares Move Against Fed Chairman Powell appeared first on COINTURK NEWS .
Latest News
- FLOKI and BONK Ignite New Excitement with Striking Price Surges2025-07-17 10:47:20
- Ethereum Leads Stunning Crypto Surge with New Heights2025-07-17 10:10:42
- Massive PENGU Transfer Shakes Crypto Market2025-07-17 09:37:10
- France Sparks Innovation with Bitcoin Mining Proposal2025-07-17 08:48:25
- Unseen Whale Shakes Bitcoin Market2025-07-17 08:19:18