Reported about 7 hours ago
President Trump is expressing dissatisfaction with the Federal Reserve's current chair, Jerome Powell, as he pushes for lower interest rates that the Fed has been reluctant to grant. Trump even suggests appointing a 'shadow chair' as a potential replacement for Powell before his term ends in 2026, signaling a shift in monetary policy that could affect market expectations. This unprecedented move raises concerns about conflicting messages on Fed policy and the implications for economic stability, given that Trump favors a more dovish approach to stimulate growth despite inflation risks.
Source: YAHOO