Trump blinked.
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.
Trump didn’t do anything after Xi blocked rare earth exports, cancelled Boeing orders, etc. Ever since the Bond market moved his admin has been retreating.
He might not have had a choice.
According to AI Assist:
Trump cannot fire Jerome Powell without cause, as the Federal Reserve's independence is protected by law. Powell has stated that he cannot be legally removed and plans to serve his term until 2026.
And according to this article: Can Trump fire Jerome Powell as Federal Reserve chair? Here’s what to know.
The Federal Reserve Act of 1913 states that Fed governors can only be removed by the president before the expiration of their terms “for cause,” defined as “inefficiency, neglect of duty, or malfeasance in office.” In a landmark 1935 case, Humphrey’s Executor v. United States, the Supreme Court ruled that President Franklin Delano Roosevelt couldn’t fire a member of the Federal Trade Commission due to policy disagreements.
“The fundamental necessity of maintaining each of the three general departments of government entirely free from the control or coercive influence, direct or indirect, of either of the others has often been stressed, and is hardly open to serious question,” the court ruled.
While Trump might claim cause if he does try to fire Powell, there’s sure to be a protracted court battle.
Ur an idiot.
A tariff increases price, decreases demad and increases supply. Shelves would be over flowing..