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/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.