US President Trump says we have a great new person coming in to take over the Fed; Chair Powell has done a "terrible job"; who wouldn't be lowering interest rates right now?
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US President Trump says we have a great new person coming in to take over the Fed; Chair Powell has done a "terrible job"; who wouldn't be lowering interest rates right now?
BCB's Galipolo says confidence interval for inflation projections has widened
Russia Deputy PM Novak says Russia does not expect any problems with the supply of jet fuel in the domestic market; the market is fully supplies
On the Newsquawk feed at , 20 minutes before this page.
- Pirro and Bondi had the "courage" to bring Powell suit (about Fed building renovation costs)
Context
President Trump's comments regarding Chair Powell suggest a potential shift in the leadership of the Federal Reserve, which could evoke volatility in markets. His criticism and mention of a new appointment imply expectations for a more accommodative monetary policy, positioning the market for a dovish tilt if a new chair advocates for lower interest rates. This sentiment could drive reactions across equities, fixed income, and the USD, particularly if traders perceive a change in the Fed's policy approach.
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