“ Trump says Powell 'termination' can't come fast enough. The market for Powell firing increases, a little. By Steve Goldstein President Donald Trump staked new ground on Thursday by saying the termination of Fed Chair Jerome Powell "can't come fast enough." This will inevitably raise the question of whether he simply means replacing Powell when his term expires next year or an outright firing, which Powell repeatedly has stated would be illegal. Powell on Wednesday refused to ride to the rescue of a stalling economy as he said tariffs could feed into inflation and not just represent a one-time increase. Trump, in a Truth Social post, pointed out the European Central Bank was expected to cut rates. On the crypto-fueled prediction market Polymarket, the contract for "will Trump remove Jerome Powell in 2025" ticked up from 16 cents to 19 cents. https://www.marketwatch.com/livecov...n-can-t-come-fast-enough-mq9s7zAhZ0UubTWbWR4r
There will be NOO rate cuts Fed can't do anything but wait this one out. They cut rates and 10 yr will go well beyond 5% Trump is going to destroy this economy and market forcing the fed to cut rates....this will only put more stress on equities.
You cant compare what's happening here with economic factors to Zimbabwe. Two totally different scenarios. Im telling you there is no way the fed can cut. Powell is stuck. Trump needs to move away from any idea that the fed should be cutting rates...
There are other parallels between USA and Zimbabwe. Zimbabwe was Rhodesia. Rhodesia was a thriving multicultural capitalist resource rich country run by very capable leadership. There was very rich mining, farming, international trade among the common wealth and a backing of the British Military. Rhodesia had rich deposits and successful mining in several rare earths, rare metals, diamonds and gold. The farming was also very successful. The leadership developed well..following a pattern of western government structures. Then...incompetent leadership took over. Radical changes in the economy and in the government started to happen quickly..without real planning or thought. Interest rates structures were abandoned for radical political purposes. The government began to make enemies among former western allies. Sanctions and tariffs began to be implemented. Cultural bias and DEI came into full effect. Whites were placed into a very unwelcome position in society. White men in particular were shunned. All of these changed began to bring the country to its knees. The economy spiraled downward. Money started fleeing to more stable environments. The leadership was stubborn and refused to change. Finally, the former western allies turned their back on Rhodesia. Landpoints, bodies of water were renamed. Finally, the country was renamed to reflect full DEI. The economy collapsed and the currency collapsed with it. The debt became junk and they defaulted. Today, they are a laughing stock.
Trump wants to goose the stock market so he can bask in its glory... inflation and USD trashing be damned! Trump's next Fed Chairman will have to be onboard with this to get the job. Heaven help us all.