Will Trump Fire Jerome Powell? Fed Chair Faces Rising Pressure
2025-07-03 05:17:07
Main Idea
President Donald Trump is criticizing Federal Reserve Chair Jerome Powell for not cutting interest rates, but legal obstacles make it unlikely Trump can remove Powell before his term ends in 2026.
Key Points
1. Trump is angry at Powell for not reducing interest rates, blaming the Fed for increasing debt-servicing costs and inflation.
2. Legal experts say Trump cannot easily remove Powell before his term ends in May 2026, as Powell is protected from dismissal without cause.
3. Powell argues that Trump's tariffs are contributing to inflation, complicating the Fed's ability to justify rate cuts.
4. Bitcoin's price rose 2.62% amid the political uncertainty, reflecting market sensitivity to Fed policy debates.
5. The conflict between Trump and the Fed is creating tension in both traditional and crypto markets.
Description
The post Will Trump Fire Jerome Powell? Fed Chair Faces Rising Pressure appeared first on Coinpedia Fintech News President Donald Trump is once again targeting Federal Reserve Chair Jerome Powell, demanding his immediate resignation as tensions over interest rate policy boil over. Trump is furious that Powell has not slashed rates, blaming the Fed for rising debt-servicing costs that he claims are burdening the U.S. economy. His frustration intensified after Powell suggested that Trump’s tariffs...
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