Phyrex
Phyrex|Apr 17, 2025 11:32
Yesterday, Powell had predicted Trump's prediction, so he directly said that the President had no authority to dismiss Federal Reserve officials, especially the chairman of the Federal Reserve. At the same time, he also said that before the new government (the Trump government) did not intervene in the tariff issue, the inflation of the United States was controlled and began to decline. Tariff was the main reason why the Federal Reserve did not dare to reduce interest rates. He also said that the uncertainty of the new government was too strong, and even worried that the tariffs were not one-time. That was another example of Trump's repeated efforts. However, Powell's term of office would expire on May 15, 2026. Even if Powell did not act as chairman, he would also be one of the seven directors, whose term of office would end on January 31, 2028. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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