Anthony CheungChief Content & Culture Officer at AmplifyME | Follow for posts demystifying finance

Trump Says Has NO Intention of Firing Fed Chair Powell #finance #podcast

Name: Trump Says Has NO Intention of Firing Fed Chair Powell #finance #podcast
Uploaded: 2025-04-23T13:20:47+00:00
Duration: 49 s
Channel: Anthony Cheung
Description: In this podcast excerpt, the speaker argues that financial markets serve as a check on political authority, asserting that President Trump would be…

23 Apr 2025 · 1 min

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In this podcast excerpt, the speaker argues that financial markets serve as a check on political authority, asserting that President Trump would be unable to fire Federal Reserve Chair Jerome Powell and install a compliant successor to instantly cut interest rates because market forces would block such a move. The discussion then shifts to international trade, highlighting the significance of upcoming tariff negotiations involving Japan and India as part of a broader U.S.-China trade conflict that is expected to persist throughout 2025.

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This is what— this is one function of markets that's really important, is to keep checks and balances on these people in power. And ultimately, Trump will be checked and balanced if he does something stupid like fire Powell, put in his puppet to cut rates immediately. He cannot do that. Markets will not allow him to do that. This is the classic Trump playbook, um, the art of the deal. And let's see what the news is about Japan and India. I think, I think that's going to be another really important moment in this tariff basis. You can start to extrapolate that through all the way through to China in the end, which is obviously that big, that big fish in all of this. And but you're right, it's going to take months, months and months. We're going to be talking about, you know, the, the China-US trade war for the whole of 2025.