Closing Bell Closing Bell Overtime: Alcoa CEO Exclusive; Trump Inches Closer To Firing Powell 7/16/25
Jul 16, 2025
Political tensions rise as Trump considers firing Fed Chair Jerome Powell, impacting market reactions and investor sentiment. Alcoa's CEO offers insights into the company's performance amidst contrasting earnings reports from others like United Airlines. Anticipation builds for Netflix's upcoming results, with potential shifts in investment strategies hinting at massive growth. Plus, a look at global markets, bond yields, and significant legislative updates highlighting the ever-changing landscape of finance and economics.
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Trump's Fed Firing Seen As Political
- Trump's consideration to fire Fed Chair Powell is viewed mostly as a political move and pretext.
- Market and legal experts see the firing cause claims as difficult to prove and mainly a political issue.
Fed Independence is Political Reality
- The Fed is less independent and more political than many realize, encompassing some influence from the government.
- Market views this political Fed framework as fact, adjusting expectations accordingly.
Market Sees Firing Threat as Negotiation
- The market largely dismisses the threat to fire Powell as typical Trump negotiation tactics.
- This tactic increases pressure on the Fed to reconsider interest rate policy.
