Trump on demoting Powell: "Let's see what he does"



President Donald Trump was asked whether he still wants to downgrade Federal Reserve Chairman Jerome Powell. He told the journalists, "Let's see what he will do."

Trump's comments come immediately before the Fed to announce its decision on interest rates.

From the White House, they have been looking for Powell's downgrade as early as February. Larry Kudlow said that at the moment, the Administration is not looking for such an opportunity. It is expected today that the Fed will not take action on interest rates, as their two-day meeting ends today. Investors, however, hope for Powell to get more convincing signals for interest rate cuts next month. Powell will hold a press conference after the decision.

This month is about to become one of the best for the stock precisely because of the assumption that the Fed will no longer raise interest rates. Investors estimate the probability of a cut rate of 80% in July.

Trump further reinforced the pressure on Powell not to raise interest rates, saying that the currencies of regions and countries with lower interest rates, such as the euro, have an advantage over the US dollar.

Trump did not forget to turn his attention and criticism to Mario Draghi after he signaled to European investors that he was open to an extra monetary stimulus that could devalue the value of the euro against the dollar in the long run.

Source: CNBC

Photo: Flickr

 Trader Martin Nikolov

Read more:

If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy