Powell’s Speech Fuels Market Speculation Amid Resignation Rumors
Federal Reserve Chair Jerome Powell’s remarks following his meeting with former President Donald TRUMP have ignited fresh debate among economists. Market participants scrutinized his speech for clues on potential interest rate cuts, though the prepared text conspicuously avoided any mention of monetary policy changes or resignation rumors.
The Fed chief instead focused on historical context, detailing the 1950 establishment of the International Finance Division. "Our mission then, as it is now, was to serve the American people," Powell stated, quoting a 1948 memo that accurately predicted the growing complexity of global economic relations. This historical detour comes at a sensitive juncture for markets, with traders parsing every word for policy signals.
