Earlier Pres. Trump railed on Fed Chair Powell (aka Too Late Powell) on Truth Social saying
Megan Messerly’s X post reports that Treasury Secretary Bessent has been warning privately that removing Fed Chair Jerome Powell could cause market instability. Trump is reportedly aware of this, so even though he’s upset with Powell again, Powell’s job appears secure for now according to Messerly.
Powell has continually said that he would not resign and others have said that Trump doesn’t have power to remove him anyway.
Later this year,
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ForexLive.com
is evolving into
investingLive.com, a new destination for intelligent market updates and smarter
decision-making for investors and traders alike.
