Donald Trump's recent comments regarding Federal Reserve Chair Jerome Powell have caused notable volatility in the stock market. After branding Powell a "major loser" and threatening his termination due to slow interest rate cuts, the market saw a significant downturn. However, just a day later, Trump stated he had "no intention" of firing Powell, resulting in a market surge. This pattern of contradictory statements has become a hallmark of Trump's approach, allowing him to spin narratives depending on outcomes, while likely confusing traders and analysts.
On Monday, Trump called Federal Reserve Chair Jerome Powell a "major loser," arguing that he should be removed for not cutting interest rates swiftly enough. The market reacted negatively.
Trump, despite his previous threats, claimed on Tuesday he had "no intention" of firing Powell, causing stock futures to surge. His contradiction showcases a familiar tactic.
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