Posted on 04/23/2025 2:16:22 PM PDT by RandFan
President Donald Trump’s unprecedented tariffs, particularly on China, and recent attacks on Federal Reserve Chair Jerome Powell caused alarm among some of his top advisers and America’s biggest CEOs, who warned of financial chaos and store shelves that could go bare, people familiar with the conversations said.
The warnings — and the markets’ own volatility this week — seemed to have broken through. Trump backed down Tuesday from his threats to try to remove Powell from the job, telling reporters in the Oval Office: “I have no intention of firing him.”
That prompted sighs of relief on Wall Street. A day after markets boomed on comments from Treasury Secretary Scott Bessent that Trump would seek to de-escalate the trade war with China, US markets gained again on Wednesday.
Top administration officials were also relieved by Trump’s Oval Office statement on Powell, the people familiar with the matter said. The officials had become unnerved by the heated rhetoric and wary of a prolonged legal battle should Trump attempt to unseat the Fed chair.
The Dow closed higher by 420 points, or 1.07%. The broader S&P 500 gained 1.67% and the tech-heavy Nasdaq Composite rose 2.5%.
(Excerpt) Read more at edition.cnn.com ...
Yep. Who cares about Walmart and Target? Trump must stand firm against CCP puppets and Wall St speculators. He’s on the right track to bring manufacturing back to America.
“only be removed by the president before the expiration of their terms “for cause,” defined as “inefficiency, neglect of duty, or malfeasance in office.”
Trump could argue by not lowering interest rates he is neglecting his duty economically.
Malfeasance in playing politics.
Pffft
The nonsensical bond market argument that yield is rising due to tariffs.
10 year
52 Wk Range
3.597 - 4.817
Current 4.393.
Performance
3 Month -22.3
YTD -18.3
1 Year -25.3
Ur an idiot.
America’s obsession with cheap products and cheap labor will destroy us (if it’s not already too late).
Trump says he’ll do something, stocks bonds and the dollar drop. Trump reverses himself, they all go back up. He changes his mind and says he’s still going to do what he said, they go back down. And repeat.
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Great recipe for market uncertainty, bond loss, dollar plunge, world lack of confidence in the USA.
Kevin Liptak, Jeff Zeleny and David Goldman are concerned.
He made a pragmatic decision which resulted in helping the markets.
—
after a poorly thought out policy and needless uncertainty. Helping the markets 47 helped to crash. Wonderful plan. Enjoy your losses, retirees.
Hate and lies is all they have.
So many pearls to clutch…so little time.
‘ Ur an idiot.’
Sorry.
Let me rephrase.
Trump set a goal and implemented a plan doomed from the start.
Because of that he was forced to back down and change course repeatedly.
He will continue to do this and claim victory no matter what.
Trump could argue that. It's not likely the Supreme Court would agree.
The Court would likely find that interest rates are a policy question, upon which people can and do disagree. And that the Fed's independent judgment is protected from Presidential or Congressional pressure.
Malfeasance in playing politics.
I don't think the Fed is playing politics.
And FWIW, I think interest rates should remain high. It's a valid decision, necessary to halt inflation, which is still a problem.
Trump has a real estate oriented mind. Realtors and developers like low interest rates, because they encourage buying of property. But I don't think that's what the American economy needs right now.
CNN a dying worthless organ of the Democrat Party.
"threats to try to remove Powell from the job. . ."
Just sayin'--Trump is President. He is therefore in charge of our entire military.
So, to quote Yoda--who may be the only authority you encountered in your high-school education--for Trump to fire some dork at DoD, "there is no 'try.'"
CNN
COMMUNIST NEWS NETWORK
If we see “empty shelves and financial turmoil” it won’t be because of the tariffs.
20 odd years ago Wal Mart only sold things made in America. That’s how they grew into a national store. Then they got greedy and started selling Chinese junk. They have some really good managers I’ll bet they could fill their shelves if they wanted to.
Wrong.
The whole point was to stop the Chinese from tariffing our goods.
You have about the same chance of understanding Trump and what he’s doing as a cute little bunny rabbit has of piloting a helicopter to Mars.
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