Reported 1 day ago
Investors are becoming accustomed to the erratic nature of political news regarding economic policy, as evidenced by their muted response to reports about President Trump considering firing Federal Reserve Chair Jerome Powell. Despite initial market reactions—where the S&P 500 fell and the dollar dropped—many analysts suggest that these responses lack depth, with investors recognizing the volatility and unpredictability associated with Trump administration announcements. The market seems split, with some hoping for lower interest rates while others express concern about the potential impact on the Federal Reserve's independence.
Source: YAHOO