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Trump says he wouldn’t fire Fed’s Powell, but there’s a big ‘if’

DeFi Daily News by DeFi Daily News
July 17, 2024
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Trump says he wouldn’t fire Fed’s Powell, but there’s a big ‘if’
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In a recent Bloomberg interview, former President Trump stated he would allow Federal Reserve Chair Jerome Powell to complete his term if re-elected, as long as Trump thinks Powell is “doing the right thing.” That likely means Trump will keep Powell on board as long as the Fed starts cutting interest rates.
Yahoo Finance senior columnist Rick Newman analyzes the comments and their potential implications.
#youtube #news #TRUMP

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Tags: BigBondsbusinessCurrenciesEquitiesFedsFIREFXInvestingInvestmentMarketMarketsMoneyNewsNYSEPersonal FinancePoliticsPowellSavingsStock marketstocksTrumpwouldntYahoo FinanceYahoo FInance Premium
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