#Trump: "Maybe I should go to the #Fed. Am I allowed to appoint myself? Am I allowed to appoint myself at the Fed? I'd do a much better job."

#StockMarket #MarketManipulation #economy

#Trump has said that he would soon nominate #JeromePowell's successor, w/ nearly a year left before the #FederalReserve chair's term ends. #Investors said that could present a risky proposition for #markets.

Trump has made no secret of his displeasure w/ #Powell & the #Fed for not lowering #InterestRates since Trump began his 2nd term in Jan.

#StockMarket #MarketManipulation #economy
https://www.reuters.com/business/early-fed-chair-nomination-could-rattle-markets-2025-06-18/

While #Trump has backed off from comments earlier this year that he could fire #Powell, & a recent #SCOTUS ruling eased worries that he could do so, he said earlier this month that a decision on the next #Fed chair would be coming soon.

#StockMarket #MarketManipulation #economy

"#Uncertainty about the economic outlook has diminished but remains elevated," the #Fed said in its latest policy statement.

While policymakers still anticipate cutting rates by half a percentage point this year, as they projected in March & December, they slightly slowed the pace from there to a single quarter-percentage-point cut in each of 2026 & 2027 in a protracted fight to return #inflation to the central bank's 2% target.

#Trump #economy #tariffs #recession

Under the new projections, #inflation remains elevated at 2.4% through 2026 before falling to 2.1% in 2027 amid largely stable #unemployment.

Those outcomes were both embedded in the new projections, the #Fed's latest thinking about how #Trump's suite of economic policies is expected to shape the #economy this year.

#tariffs #recession