In Reply to: Re: Just a matter of time. Powells term end in 8 months and will posted by russsmith on July 05, 2025 at 07:50:29
I should add I hope people grasp how dangerous it is if Trump can replace Powell or bully him into rate cuts.
An economist who predicted a recession earlier in the year just changed his prediction and said in there Powell has done such a masterful job of holding things together that he's not convinced now there will be one. Then in his explanation he said the 2 concerns, if Trump reinsates the higher tariffs all bets are off. And if the Fed starts lowering rates too early all bets are off as it will jumpstart inflation