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President Trump doesn’t need to fire Powell—he can just neuter him by naming his replacement immediately. Markets move on expectations.
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144.8K Visualizações· 04/08/25· Notícias e política
President Trump doesn’t need to fire Powell—he can just neuter him by naming his replacement immediately. Markets move on expectations. If the bond market believes the next Fed Chair will cut rates by a lot, they’ll start to price it in immediately, which will send mortgage and Treasury rates down, delivering relief far sooner than anyone expects.
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