I'm going to call b/s on this, but just as a heads up to some garbage floating around the place:

  • Jerome Powell will resign on Monday
  • Trump plans on lowering interest rates

Like I said, garbage, and b/s.

But, there it is.

The background to this baloney is:

  • no evidence was provided to support the rumour
  • Powell has said he will serve out his term until it ends in May 2026
  • Trump seems unable to fire Powell given recent court rulings
  • Recent comments from Fed officials are the Bank is firmly on hold for the next meeting, or perhaps further
Powell Trump
Source: Forex Live