🚨 BREAKING: Trump to Appoint New Fed Chair Next Week!
WASHINGTON D.C. — In a major move that has sent ripples through global financial markets, President Donald Trump confirmed today that he will announce his nominee for the next Federal Reserve Chairman sometime next week.
The announcement comes at a time of peak tension between the White House and the central bank, as Trump ramps up pressure for aggressive interest rate cuts to stimulate the economy.
💥 The "Moron" Comment: Trump Slams Powell
In a fiery post on Truth Social, the President did not hold back his frustration with current Chair Jerome Powell. Trump criticized the Fed for keeping interest rates too high, stating:
"We should have a much lower interest rate right now, since even this moron admits inflation is no longer a problem or a threat."
While Powell has acknowledged that inflation is cooling, he has maintained a cautious stance, refusing to lower rates as quickly as the President demands.
🏆 The Top Contenders: Who’s in the Running?
As the countdown to next week begins, prediction markets like Polymarket have seen massive swings. Here are the frontrunners:
🥇 Rick Rieder (BlackRock CIO): Currently the betting favorite (~49% chance).
🥈 Kevin Warsh: A former Fed Governor seen as a "safe" pick for Wall Street.
🥉 Christopher Waller: A current Fed Governor who has shown flexibility on rate cuts.
🛡️ Powell’s Warning to His Successor
Jerome Powell issued a pointed message yesterday, indirectly warning the next Chair to protect the independence of the Fed from political interference, stating that staying out of politics is "critical" for price stability.
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