Yesterday, Powell had already anticipated Trump's prediction.

CN
Phyrex
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3 days ago

Yesterday, Powell anticipated Trump's predictions, so he directly stated that the president does not have the authority to dismiss Federal Reserve officials, especially the chair of the Federal Reserve. He also indicated that inflation in the U.S. is under control and starting to decline before the new government (Trump's government) intervened in tariff issues, and that tariffs are the main reason the Federal Reserve is hesitant to cut interest rates.

He also mentioned that the uncertainty of the new government is too strong, and there are concerns that tariffs may not be a one-time issue, which reflects Trump's inconsistency. However, Powell's term lasts until May 15, 2026, and even if Powell is not the chair, he will still be one of the seven governors, whose terms end on January 31, 2028.

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