Back in December (or Nov, can’t remember the month) I said there would be a selloff in Q1 2025, and tRumP will be FURIOUS with Powell.
Well, we are now at this stage. Next stage is capitulation.
Rate cuts coming soon.
https://www.zerohedge.com/political/ter ... ong-powell
As US equity markets continue to fall - and recession calls mount from establishment elites, despite strong 'hard' data' - President Trump lashed out at Fed Chair Powell via TruthSocial this morning exclaiming that Powell's termination from his position can’t come quickly enough, arguing that the US central bank should have lowered interest rates already this year, and in any case should do so now.
The ECB is expected to cut interest rates for the 7th time, and yet, "Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete "mess!”Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell's termination cannot come fast enough!
In a news conference in November, Powell was asked whether he would step down if Trump asked him to resign.
Powell gave an unusually blunt answer: "No."
tRumP: I’ll need you to step down
Powell: