In a shocking turn of events, President Trump's ongoing feud with Federal Reserve Chair Jerome Powell has plunged the US stock market into uncertainty. Trump's public criticism of Powell has raised concerns about the independence of the Federal Reserve and its ability to make decisions free from political influence.
Despite growing calls for Powell's resignation, legal experts have weighed in on the matter, noting that while Trump has the authority to fire the Fed chair, it would be an unprecedented move that could have major repercussions for the economy. Analysts suggest that Trump's attacks on Powell may be a strategic move to distract from other political controversies, but the impact on financial markets is undeniable.
Market experts warn that the continued uncertainty surrounding the Fed's leadership could lead to increased volatility in the stock market and potentially harm the overall economy. As investors nervously await the next move from both Trump and Powell, one thing is certain - the stability of the financial markets hangs in the balance.
Category: Finance
Published on: 2025-04-22 07:00:19
Related articles:
US dollar hits three-year low after Trump intensifies attack on Fed chair Powell – business live, The Guardian
Can Trump fire Federal Reserve Chair Jerome Powell? Here's what to know., CBS News
Trump attacking Fed Chair Jerome Powell is a public relations ploy — and it’s working, MarketWatch
US stock markets fall again as Trump calls Fed chair ‘a major loser’, The Guardian