jerome powell, Trump
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New data from the White House Council of Economic Advisers backs President Donald Trump's calls for the Federal Reserve to cut interest rates.
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Here's what could happen if Trump decides to take his feud with Powell to the next levelThat's the thrust behind his yearslong feud ... market strategist at BCA Research, says markets are still holding onto some fear that lowering rates prematurely will cause inflation to rise. That's because investors are still waiting to see the full impact ...
Top voices on Wall Street have expressed alarm over the idea that Trump could fire Fed Chair Jerome Powell, emphasizing the need for Fed independence.
If EUR/USD fails to reclaim 1.1700, support levels could be seen at 1.1650 (Fibonacci 23.6% retracement of the latest uptrend), 1.1620 (200-period SMA) and 1.1540 (Fibonacci 38.2% retracement).
While Trump’s attacks on Musk and Powell make for good drama, it’s unlikely either feud will mean much for stocks. Tesla shares tumbled more than 5% Tuesday, but the selloff barely made a dent in the broader market ... to have an impact on the U.S ...