It's time to eat melons! Trump is doing something again, this time directly shooting at the head of the Fed Jerome Powell, and he must force him to curl up and go. You probably know that Trump personally put Powell in this position back then, but now they have completely turned face – Trump thinks he is praying for interest rate cuts, and lately, he has been going crazy on Twitter, and he doesn't even need basic decency. There was also a frying pan in the White House. The Secretary of the Treasury rushed to his feet, warning him not to touch the independence of the Federal Reserve; even Trump's old subordinates were persuading him to stop, but how could this man listen? But here's the problem - the law is not at all on Trump's side! The head of the Fed is not something to speculate on, and political disagreements are not a "valid reason". Powell has also been stubborn, stating that if he dares to move, he will meet him in court, and the Federal Reserve is even ready to "collectively revolt" to accompany him to the end. And what if Trump actually fires Powell? Then the fun will be great - the dollar's credit may collapse, global capital will have to run, and even Bitcoin could end up on American roller coasters! Now the rate data.
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It's time to eat melons! Trump is doing something again, this time directly shooting at the head of the Fed Jerome Powell, and he must force him to curl up and go. You probably know that Trump personally put Powell in this position back then, but now they have completely turned face – Trump thinks he is praying for interest rate cuts, and lately, he has been going crazy on Twitter, and he doesn't even need basic decency. There was also a frying pan in the White House. The Secretary of the Treasury rushed to his feet, warning him not to touch the independence of the Federal Reserve; even Trump's old subordinates were persuading him to stop, but how could this man listen? But here's the problem - the law is not at all on Trump's side! The head of the Fed is not something to speculate on, and political disagreements are not a "valid reason". Powell has also been stubborn, stating that if he dares to move, he will meet him in court, and the Federal Reserve is even ready to "collectively revolt" to accompany him to the end. And what if Trump actually fires Powell? Then the fun will be great - the dollar's credit may collapse, global capital will have to run, and even Bitcoin could end up on American roller coasters! Now the rate data.