US House Speaker Johnson speaks on Trump likely firing Fed Chair Powell

  • Johnson hints Trump will end Federal Reserve independence

An interesting development in US politics, whispers of Federal Reserve Chair Powell getting fired in favour of someone who will bend to Trump.

Via a tweet from Senior Washington Correspondent for CNBC:

Federal Reserve Chair Powell fired 05 June 2024 2

If Powell did cut rates now have a guess who would be doing the loudest bitchin' about it?

Trump looking at Powell

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