Trump says he is not planning to fire Fed's Powell

[groundloop]

Source: Reuters

U.S. President Donald Trump said Wednesday he is not planning to fire Federal Reserve Chair Jerome Powell even as he unleashed a fresh round of criticism against the central bank chief and declined to completely reject the possibility of ousting him.

A Bloomberg report earlier Wednesday that the president is likely to fire Powell soon sparked a drop in stocks and the dollar, and a rise in Treasury yields.

Trump, who criticizes Powell on an almost daily basis for not cutting interest rates, said the report wasn't true, but confirmed he had floated the idea with Republican lawmakers on Tuesday evening, marking the latest chapter in an escalating campaign of pressure by Trump against the independent central bank and its embattled chief.

"I don't rule out anything, but I think it's highly unlikely unless he has to leave for fraud," Trump said, a reference to recent White House and Republican lawmaker criticism of cost overruns in the $2.5 billion renovation of the Fed's historic headquarters in Washington. There has been no indication of fraud, and the Fed has pushed back on that criticism.


Read more: https://www.reuters.com/world/us/trump-indicated-republican-lawmakers-he-will-fire-feds-powell-cbs-reports-2025-07-16/

---

Once again.... Trump (tRump) Always Chickens Out.

[PJMcK]

1. Powell should start clearing out his desk

Trump always lies.

Powell’s days are numbered.

[stopdiggin]

2. Nope. We've been over this

(including the market disruptions) on prior occasions. Trump talks a lot ... But then - Trump also talks a lot ..

Some day this will sink in with people.

[twodogsbarking]

8. Yep. More shit to follow as always.

[Walleye]

3. TACO. The stock market dropped so he changed his mind.

Seems the only thing Trump listens to, besides the sweet talk of dictators, is movement of large sums of money, very large. And it’s never enough for him.

[groundloop]

4. EXACTLY..... And someone needs to keep track of who profits when his mouth runs.

[Walleye]

5. Just a little pump and dump to keep his sycophants happy

[SheltieLover]

6. Powell should stay away from windows & avoid tea.

[GusBob]

7. Did he really blame his appointment on Biden?

This is getting ridiculous

[Kid Berwyn]

11. Trump forgot he appointed Powell.

Trump Surprised ‘Terrible Fed Chair’ Jerome Powell Was Appointed — Forgetting He Appointed Him

Excerpt...

“The country has become so successful that it doesn’t have a big impact, but it does hurt people wanting to get a mortgage, people want to buy a house,” Trump said during an Oval Office gaggle with the Crown Prince and Prime Minister of the Kingdom of Bahrain.

“He’s a terrible Fed chair,” he continued. “I was surprised he was appointed. I was surprised, frankly, that Biden put him in and extended him, but they did.”

Source:

https://www.msn.com/en-us/news/politics/trump-surprised-terrible-fed-chair-jerome-powell-was-appointed-forgetting-he-appointed-him/ar-AA1IJ7C6?ocid=BingNewsSerp

[Prairie Gates]

9. Will he or won't he? The press is as giddy as 4th graders at a sleepover!

(Why do we have to live this way?)

[Buddyzbuddy]

10. Maybe a strategy?

The Felon will continue to trash talk Powell until he replaces him next year right before the midterms. The new Fed Chair will lead the way to lower rates drastically which will send the market skyrocketing just before November making the Felon look like a financial genius.

After the elections our economy will start taking a hit because big purchases and mergers will increase exponentially. It will allow the billionaire class to complete their purchase of the world with cheap money. Like a star, the economy will become very hot and then burn out.

Just my personal thoughts and opinions.