Donald Trump, Fed and Deutsche Bank
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Trump says Powell is "terrible" for not lowering interest rates, denies plans to fire himPresident Trump is commenting on Federal Reserve Chair Jerome Powell as reports emerge that he is considering firing him. Mr. Trump has been calling for Powell to cut interest rates as the U.S. navigates inflation.
There could be a revolt in global markets, including a possible collapse in the dollar and US bonds, if President Donald Trump were to take the unprecedented step of removing Federal Reserve Chair Powell from the helm of the central bank,
Analysts at Deutsche Bank consider the president's removal of Fed chief Jerome Powell "one of the largest under-priced event risks over the coming months."
US stocks recover after Trump calls Powell firing unlikely, easing Fed independence fears. Details on market swings, renovation scandal, and interest-rate battle.
Key Takeaways The administration has admonished Federal Reserve Chair Jerome Powell for costly repairs to the central bank's main buildings.The Fed says the repairs were needed to address the disrepair of a building that hadn't been renovated since it was built in the 1930s.
Bitcoin tops $120K as markets prepare for inflation data and a Powell ouster, with analysts warning of a modern-day 'Nixon shock' that could shake global confidence.
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Money Talks News on MSNTrump's Plans Could Dismantle Banking Safeguards: 3 Alternatives to FDIC-Insured AccountsPresident Trump's administration appears to be reshaping the FDIC, potentially endangering the safety net for your bank deposits.
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Amazon S3 on MSNTrump's Ouster Of Fed Chair Powell Could Trigger 'Collapse' Of Currency And Bond Market, Deutsche Bank WarnsDeutsche Bank has issued a warning about the potential consequences of President Donald Trump replacing Jerome Powell as the head of the U.S. Federal Reserve.
Financial markets, which have shown increasing insensitivity to tariff threats from the US, will face a test at the Monday open after President Donald Trump declared a 30% rate for the European Union and Mexico effective Aug.