US Bessent: Trump has said he's not going to fire Powell ...Middle East

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US Bessent: Trump has said hes not going to fire Powell
My regular meetings continue with Powell.Powell has not said he is going to leave his board seat.

The whole Trump-Powell saga is just noise as it's highly unlikely that Powell either leaves or gets fired due to the huge negative economic implications.

It's not the first time a Fed Chair goes under such political pressure and it's a great thing that the Fed remains independendent. Without independence, inflation expectations would de-anchor and the economic consequences would be grim.

    This article was written by Giuseppe Dellamotta at investinglive.com.

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