Jiaxin Wealth Management: Trump 'really wants' to fire Powell and lower interest rates

According to BlockBeats, on April 18th, Kathy Jones, Chief Fixed Income Strategist at Carlson Wealth Management Financial Research Center, stated that investors should not ignore the possibility that Trump may try to fulfill his threat to fire Powell. "He really wants to fire Powell and lower interest rates, and that's very clear Although Powell reiterated on Wednesday that current laws protect Federal Reserve members from being fired by the White House for political reasons. However, the upcoming Supreme Court ruling may make it easier for Trump to achieve this. Evercore ISI analysts led by Krishna Guha have warned that the ruling in Trump v. Wilcox could weaken the independence of the Federal Reserve and other government agencies by expanding presidential power and allowing for layoffs of institutions previously considered unaffected by political pressure. (Golden Ten)