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TRUMP THREATENS TO UNLEASH MARKET CHAOS: POWELL ON THE CHOPPING BLOCK!
Get Ready, America! The Dollar is about to Dive!
In a jaw-dropping twist that’s sending shockwaves through Wall Street, President Donald Trump has dropped a bombshell: he wants Federal Reserve Chair Jerome Powell to “resign immediately!” This isn’t just talk—it’s a potential ticking time bomb for the US economy!
Powell Under Fire: Is He Getting the Ax?
Trump is reeling from fresh allegations that Powell misled lawmakers about costly renovations at the Fed! The President has ramped up his attacks, demanding drastic interest rate cuts, and hinting he might appoint a new Fed chief before Powell’s term is up. What does this mean for your wallet? Experts say it could spell disaster!
Market Meltdown Incoming?
According to Deutsche Bank’s top strategist, George Saravelos, if Trump follows through on his threat, brace yourself for a massive market selloff! In just 24 hours, we could see the U.S. dollar plunging by 3% to 4%! Treasuries might also get slammed, with a selloff of 30 to 40 basis points!
This isn’t just about numbers; it’s about power! Saravelos warns that removing Powell would shake the very foundation of the Fed’s independence, causing a ripple effect that goes far beyond our borders. Investors could be on high alert, fearing a dangerous intertwining of politics and finance.
A Fragile Future: The Dollars at Risk!
But wait—there’s more! Saravelos points out that the U.S. economy is already teetering on a cliff with a “very vulnerable” external funding position. If Powell goes, expect wild market swings that nobody saw coming!
Could We See a Currency Showdown?
Meanwhile, ING Groep analysts predict that if Powell is ousted, the entire landscape of currencies could shift! The euro, yen, and Swiss franc stand ready to seize the moment, leaving the dollar in the dust!
So, are we on the brink of financial chaos? With Trump’s latest explosive remarks, the stakes have never been higher. Buckle up, America—the market rollercoaster is about to take a wild turn!
photo credit: fortune.com
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