Ah, the illustrious President Donald Trump, a man of many words and even more tweets, graced us with his presence on Thursday, declaring with all the gravitas of a soap opera star that he has no intention of firing the esteemed Federal Reserve Chair, Jerome Powell. One must wonder, however, if this proclamation is merely a prelude to a grander spectacle of economic theatrics. 🎭
At a White House gathering, Trump, in a moment of profound clarity, proclaimed, “I’m not going to fire him,” as if the mere suggestion of such an act were akin to proposing a duel at dawn. “The fake news is saying, ‘Oh, if you fired him, it would be so bad.’ I don’t know why it would be so bad.” Ah, the sweet nectar of irony! 🍷
Our dear President has not been shy in his critiques of Powell, whom he affectionately dubs “Too Late,” as if he were a character in a tragicomedy, lamenting the slow pace of interest rate cuts. One can almost hear the dramatic music swell as he blames the current rate environment for the rising costs of federal borrowing. And let us not forget, Powell’s term is set to expire in May 2026—an eternity in political time! ⏳
“We’re going out to financing, and I may have to force something,” Trump mused, suggesting that he might apply pressure on the Fed, as one might press a reluctant grape for wine. He also mentioned, with a hint of menace, that he isn’t opposed to rate hikes should inflation decide to crash the party, but for now, he believes it’s time to ease. 🍷
Who is the next Fed chair?
In a twist worthy of the finest dramas, Trump hinted that a decision regarding his nominee for the next Fed chair could be forthcoming, following earlier whispers that an announcement was imminent. The suspense is palpable! 🎬
Despite his sharp critiques, he stopped short of declaring Powell’s replacement, calling him a “numbskull” while simultaneously reiterating, “I’m not going to fire him.” Truly, a masterclass in political double-talk! 🕵️♂️
As the curtain rises on the final act of his re-election campaign, the President also expressed concern over rising oil prices, highlighting the broader economic pressures that loom like a dark cloud over his ambitions. Will he emerge victorious, or will the economic winds shift against him? Only time will tell! ⏳
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2025-06-12 20:34