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Deep Dive: Trump-Powell Clash Jolts Wall Street

New York, NY, USA
April 23, 2025 Calculating... read Politics
Trump-Powell Clash Jolts Wall Street

Table of Contents

Introduction & Context

Attacks on an independent Fed are rare; a single post wiped billions in value Tuesday.

Background & History

Trump and Powell have sparred since 2020, when pandemic rate cuts became campaign fodder.

Key Stakeholders & Perspectives

The Fed defends autonomy; some lawmakers applaud tough talk; pension funds plead for calm.

Analysis & Implications

Persistent uncertainty can freeze corporate spending, cooling wage growth for young workers.

Looking Ahead

Senate Banking holds a hearing on Fed independence next week; expect more volatility around testimonies.

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