#đ„ Update Alert
#PowellVsTrum mp #FedShowdown
đš Trump Targets Fed Chair Powell (Again): Independence on the Line
Wall Street is buzzing after reports that Donald Trump is once again eyeing Fed Chair Jerome Powellâs jobâa move that could send shockwaves through global markets.
đïž White House Chess Game
Behind closed doors, Trump reportedly flashed GOP lawmakers a draft letter to fire Powellâaccusing him of resisting rate cuts and overseeing a $2.5B overbudget Fed HQ renovation.
But just hours later, he backpedaled: "Highly unlikely⊠unless thereâs fraud."
âïž Can a President Actually Fire the Fed Chair?
đ Factorđ SummaryLegal PowerThe Supreme Court ruled Powell canât be removed for policy disagreementsâonly âfor cause.âNo Historic CaseNo president has ever fired a sitting Fed Chair.Trumpâs AngleHis team is now digging into the Fed HQ project for possible fraud.
đ Market Reactions: Volatility Incoming?
đ Stocks slipped, bond yields jumped when the firing rumors hit.
đ Markets calmed after Trump softened his stance.
đŹ But the fearâs not goneâinvestors are still pricing in a September rate cut⊠cautiously.
đ Bigger Picture: Fed Independence at Risk?
GOP lawmakers & economists warn: tampering with the Fed could erode investor trust.
Traders now watching every Trump remark for signs of pressure on monetary policy.
đ Whatâs Next?
Legal threats or Trump pressure = instant market reactions
Fed HQ fraud probe â could be Trumpâs legal card
Watch for lawsuits if he pushes forward with Powell removal
đĄ Bottom Line:
Trumpâs political heat on Powell has already rattled markets.
A real move to fire him could launch legal warfareâand shake the very foundations of U.S. economic credibility.
#PowellVsTrump #FedDrama #BTC120kVs125kToday
#Trump's MP #MarketUpdate $TRUMP