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#jeromepowell

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Leitzins unverändert: US-Notenbank Fed bietet Präsident Trump erneut die Stirn

Die US-Notenbank Fed hat den Forderungen von Präsident Trump nach Zinssenkungen erneut getrotzt. Damit demonstriert sie auch ihre Unabhängigkeit - nur zu welchem Preis? Von Angela Göpfert.

➡️ tagesschau.de/wirtschaft/weltw

tagesschau.de · Leitzins unverändert: US-Notenbank Fed bietet Präsident Trump erneut die StirnBy Angela Göpfert
Continued thread

He reiterated his criticism of #FederalReserve Chair #JeromePowell for not lowering interest rates & suggested that it was due to personal animus — “He just doesn’t like me because I think he’s a total stiff,” he said — but also said that he would not remove him before his term is up in 2026.

#Trump downplayed concerns about the potential for a #recession, saying, “Everything’s okay. What we are. I said, this is a transition period. I think we’re going to do fantastically.”

#Investmentbanker #MarkCarney worked for #GoldmanSachs before he headed #Canada‘s #centralbank. Next the lead the #british central bank. Nobody knows more about #fiscalpolicy than #Carney. So he knows the #headofstates and the the #ECB inside out. When #Trump got elected it was Carney who called and asked them to buy #tbills … when #POTUS started his #tariffs, they -including #japan- dumped them … following a #rise of #interestrates in the #US… so #JeromePowell cannot not lower #rates! Bam!

Continued thread

Members of the #Fed's Board of Governors, like the #labor board members, have "for-cause" removal #protections meant to let a president fire them only for reasons such as inefficiency or malfeasance, not policy disagreement.

#Legal experts said that if #SCOTUS decides to eliminate removal protections for the 2 labor boards, it *may try* to create an exception that would insulate #FederalReserve officials like #JeromePowell in a bid to preserve the Fed's #independence.

Continued thread

The cases are being watched as potential proxies for whether #Trump has the #authority to fire #Fed officials, particularly after his recent criticism of #JeromePowell shook #financial #markets & fueled questions about the US central bank's ability to pursue monetary policy free from political interference.

Powell’s term as Fed chief expires in May 2026 unless reappointed. His 14-yr term on the Fed's Board of Governors is set to run through Jan 2028.

#SCOTUS may shape #Trump's ability to fire #Fed chair

When SCOTUS rules on Trump's effort to remove 2 federal labor board members, #FederalReserve Chair #JeromePowell will be watching for clues about his own job.

Trump's firings of 2 #Democratic #labor board members despite legal protections for the positions has emerged as a key test of his efforts to bring under his sway #FederalAgencies meant by #Congress to be #independent from a president's direct control.

#law
reuters.com/world/us/us-suprem

[18:24] US stocks fall amid continuing Trump attacks on Fed chair

Wall Street's main indexes lost more than 1% each after US President Donald Trump's attacks against Federal Reserve Chair Jerome Powell fuelled concerns about the central bank's autonomy and rattled investors grappling with an intensifying trade war.

rte.ie/news/business/2025/0421

#morethan1% #US #DonaldTrump #FederalReserveChair #JeromePowell

#Dollar slides to 3-yr low as #Trump attacks threaten #Fed's #independence

The dollar tumbled on Mon to its lowest level in 3 yrs as investor confidence in the #US #economy took another hit over Trump's attacks on the #FederalReserve chair, potentially putting the central bank's independence under threat.

Trump ramped up his criticism of Fed Chair #JeromePowell on Monday via social media, calling him a "major loser" & demanding that he lower interest rates immediately.

reuters.com/world/middle-east/