#DailyMarketOverview ๐ฑ๐บ๐ฒ For the first time ever, Fed Chair Powell is fighting back ๐ข
Over the last 12 months, Fed Chair Powell has remained silent amid President Trump's criticisms. When asked about Trump's comments, Powell would respond "I do not any response or comment ๐ข Today, that changed. Amid a new criminal probe by Federal prosecutors, Fed Chair Powell says this "threat is a consequence of not following the preferences of the President."๐ข Stock market futures immediately fell over -0.5% on this comment ๐ข This also comes as the Fed is expected to PAUSE rate cuts again on January 28th. With 6 months left as Fed Chair, Powell is taking a stand on Fed independence ๐ข Trump vs Powell will result in even more volatility ๐ข ๐ If you like it, don't forget to express your opinion and share the post โก๏ธ Thank you, I love you โค๏ธ
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#DailyMarketOverview ๐ฑ๐บ๐ฒ For the first time ever, Fed Chair Powell is fighting back ๐ข
Over the last 12 months, Fed Chair Powell has remained silent amid President Trump's criticisms.
When asked about Trump's comments, Powell would respond "I do not any response or comment ๐ข
Today, that changed.
Amid a new criminal probe by Federal prosecutors, Fed Chair Powell says this "threat is a consequence of not following the preferences of the President."๐ข
Stock market futures immediately fell over -0.5% on this comment ๐ข
This also comes as the Fed is expected to PAUSE rate cuts again on January 28th.
With 6 months left as Fed Chair, Powell is taking a stand on Fed independence ๐ข
Trump vs Powell will result in even more volatility ๐ข
๐ If you like it, don't forget to express your opinion and share the post โก๏ธ Thank you, I love you โค๏ธ