r/wallstreetbets • u/Force_Hammer • 1d ago

News Powell sees tariffs raising inflation and says Fed will wait before further rate moves

https://www.cnbc.com/2025/04/04/powell-sees-tariffs-raising-inflation-and-says-fed-will-wait-before-further-rate-moves.html
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u/AsstacularSpiderman 22h ago

People didn't know how bad shit could get lol.

Powell made some hard choices during the post covid recession the world felt and it made him unpopular. Now he's fighting a legit moron and people woke up to the fact that he actually is the only one who actually is trying not to break everything.

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u/Wootstapler 22h ago

Wouldn't be surprised if Mango replaced him with another Yes man. Feels like JPow has a target on his back now.

Sad.

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u/Neat_Egg_2474 22h ago

Powel is already done with his term next year I think, then the board needs to choose a new leader. Im sure Trump will stick some Fox news anchor in the role. -80% interest rates as long as your bank account has over 10M

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u/Wootstapler 22h ago

I'm saying I don't think he'll make it to next year...sadlol.

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u/darkfred 18h ago

The president doesn't have the legal authority to replace a fed chair. But that said he didn't have the legal authority to disband USAID either.

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u/ValuableRuin548 16h ago

Surely if that comes Wall Street would go into actual meltdown.

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u/Sux499 7h ago

He already tried to remove JP his previous term and failed. The only thing he can do is shitpost about him.

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u/stiff_tipper 19h ago

Im sure Trump will stick some Fox news anchor in the role.

just wait until sam bankman-fried gets pardoned and he gives it to him

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u/TechImage69 21h ago

People with that kind of cash sitting in their accounts already have lower interest rates than the feds tbh.

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u/everyoneneedsaherro 18h ago

I’m beyond terrified who Trump will pick to replace him when Powell’s term is up

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u/Sux499 7h ago

Now? This also happened with Trump 2016. He's so done with Trump's shit.

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u/Errdee 20h ago

Here's the kicker - he made those unpopular choices in a way that didn't bring additional unnecessary chaos with them.

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u/-_-0_0-_0 18h ago

Chaos.