Since the start of Trump’s tenure, he has been vocal on interest rates, and on many occasions, he has put direct blame on Jerome Powell for acting too late on curbing inflation and reducing interest rates. In this context, a recent post on social media stirred up a wave of speculation that Federal Reserve Chair Jerome Powell could be fired soon, but experts and markets say, not so fast.
The Spark: A Bold Claim from Congresswoman Luna
On July 16, Florida Congresswoman Anna Paulina Luna, in her X post, said that Powell’s firing is “imminent.”…