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/mongoosefist 22h ago

He would be negligent not to at this point.

Trump is going to nominate a chair that will be leading the fed in exactly a year, and although the Fed **should** be independent, you'd have to be very naive to believe the next chair won't be a puppet.

If jpow doesn't go full Volcker this inevitable recession is going to turn into a full blown depression.

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u/an_exciting_couch 21h ago

Wait JPow only has a year left and then Trump gets to pick the next Fed chair? Holy shit we're so fucked

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u/LuminousRaptor 20h ago edited 16h ago

Trump can only pick from the sitting Fed Governors, so his only choices would be Waller or Bowman if he wanted to change out Powell.

Waller would probably be Trump's pick if I were a betting man. He's a fiscal dove, but he was also one of the first to call for hikes in 2021. So, who knows.

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u/j33205 19h ago

Trump can only pick from the sitting Fed Governors

well at least