How Jerome Powell Dodged the Fed Chair Guillotine (For Now)
Yes, the same guy who once suggested the Fed Chair needed to “do a better job” is now waving a flag of faux support: “No intention” of firing Powell, Trump assures us. Though he does wistfully wish Powell would get “a little more active” with rate cuts, like maybe Powell is just lazy or needs some motivational coffee. Apparently, the “Great Fed Shakeup” was just another rumor that got caught in the Twitter storm, a brief flirtation with chaos before the calm.