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Trump Weighs Firing Powell as September Rate Cut Odds Slide
Trump Weighs Firing Powell as September Rate Cut Odds Slide
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BTCCSquare news:
Federal Reserve Chair Jerome Powell faces unprecedented political pressure as former President Donald TRUMP reportedly considers removing him from office. The speculation emerges alongside fading market expectations for a September rate cut, signaling heightened tensions between monetary policy and electoral politics.
Market participants now price in just 35% odds of a Fed easing in September, down from 68% a month ago. This shift follows the central bank's July 30 decision to hold rates steady while adopting a more cautious tone on inflation progress. The policy stance reflects growing concerns about persistent price pressures despite cooling economic growth.
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