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Can Trump Tell Powell ‘You’re Fired'?

Big Take

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Trump vs. Powell: A Financial Face-Off

This chapter explores the strained relationship between former President Trump and Federal Reserve Chair Jerome Powell, highlighting Trump's public criticisms and legal implications of potentially firing Powell. Experts analyze the impact of this conflict on financial markets, particularly regarding the stability of the dollar and U.S. treasury securities. The discussion also contextualizes the unusual nature of presidential intervention in Fed operations, reflecting on historical tensions and potential future scenarios.

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