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progree

(12,240 posts)

7. Trump says he is not planning to fire Fed's Powell, Reuters, 7/16/25

Wed Jul 16, 2025, 02:18 PM

Jul 16

https://www.democraticunderground.com/10143496710

A Bloomberg report earlier Wednesday that the president is likely to fire Powell soon sparked a drop in stocks and the dollar, and a rise in Treasury yields.

Trump, who criticizes Powell on an almost daily basis for not cutting interest rates, said the report wasn't true, but confirmed he had floated the idea with Republican lawmakers on Tuesday evening, ...

"I don't rule out anything, but I think it's highly unlikely unless he has to leave for fraud," Trump said, a reference to recent White House and Republican lawmaker criticism of cost overruns in the $2.5 billion renovation of the Fed's historic headquarters in Washington. There has been no indication of fraud, and the Fed has pushed back on that criticism.

(emphasis added)

Unless...

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Wholesale inflation measure was unchanged in June [View all] BumRushDaShow Jul 16 OP

Last bit picks a key point: goods up 0.3% Bernardo de La Paz Jul 16 #1

Sorry, it's tough to believe ANY numbers produced by this administration. groundloop Jul 16 #2

trump is not about to tell MAGAts the economy is heading south Bayard Jul 16 #3

So why did they report increase in consumer inflation number? onenote Jul 16 #8

GRAPHS progree Jul 16 #4

I am very ignorant when it comes to this but the graphs you posted seem to correlate a massive drop in the numbers Cheezoholic Jul 16 #6

Instant View: Dollar, Treasury prices tumble after report Trump to fire Fed's Powell, Reuters, 7/16 progree Jul 16 #5

Trump says he is not planning to fire Fed's Powell, Reuters, 7/16/25 progree Jul 16 #7