The most urgent force moving markets right now is President Trump’s escalating pressure on Federal Reserve Chair Jerome Powell.
What’s happening:
The demand: Trump posted today that Powell must cut interest rates “MEANINGFULLY!!!” afterfresh inflation data.
The conflict: This comes after the DOJ opened an investigation into Powell over past Fed building renovations. Powell has publicly called it a pretext to undermine Fed independence.
Why markets care:
Risk signal: If Trump uses today’s speech to threaten Powell’s position or escalate investigations, analysts warn of a potential “Sell America” reaction.
Possible impact: Weaker USD, higher yields, and sharp volatility across stocks, bonds, and crypto.
⚠️ All eyes on today’s statement — tone matters more than numbers.
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