EJ Antony, senior partner of Anlash Samriddhi, discussed the business talks of President Donald Trump with China on ‘Verni & Co.’.
chairman Donald Trump, After the days of trolling, Federal Reserve Chairman Jerome Powell to recall the window to cut interest rates and indicated that he could lose his job, clarifying his plan for the head of the US central bank on Tuesday.
“I have no intention of firing,” told reporters at the White House.
Gave their comments American stock market – Which saw a steep decline on Pavel’s possible removal – a boost on Wednesday. Experts say that it may not be possible for Trump to fire the fed chair.
“Powell has done a sudden job, but it is another element of uncertainty that the market does not need to do all this to talk about firing or replace the market right now,” EJ Antony, a senior partner of untouchable prosperity, said during an appearance on “Verni & Co.”. On Wednesday. Antony mentions more than 9% inflation in July 2022 Powell’s watch.
Former-Tram advisor warned that Fed Chair Powell will now awaken the chaos of the market
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| I: Comp | Nasdac overall index | 17382.938689 | +216.90 |
+1.26% |
| SP500 | S&P 500 | 5525.21 | +40.44 |
+0.74% |
| Me: DJI | Dow jones average | 40113.5 | +20.10 |
+0.05% |
Treasury Secretary Scott Bassant and Commerce Secretary Howard Lutynik convinced Trump to stand up because firing will not make any difference to Pavel, as interest rates will remain at the existing levels and any step on tariff has already come to the financial markets in the overalls, According to Wall Street Journal.
This year, the Nasdaq Composite has lost 13%, S&P 500 8%and Dow Jones Industrial Average about 7%. The US markets are returning earlier this month.
Still, Trump kept the heat Fed head, Which he has described as “Mr. to Late” for not cutting interest rates.
“I don’t think he is doing a good job, he is too late, it’s always too late. It’s a little slow, and I am not happy with him. I told him. If I want him out, he will be out of there,” Trump said last week.
Trump slam Jerome Powell as ‘MR’. It is too late, ‘Fed Chairman is called’ Major Hare ‘
President Trump put more pressure on the Federal Reserve President Jerome Powell to cut interest rates or he could be out of the job.
On Tuesday, he repeated the call to the US Central Bank to cut interest rates.
Trump said, “I would like to see that he is a little more active in terms of his idea to reduce interest rates.
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According to CME, policy makers are expected to keep the rates unchanged in the meeting of May 7, with the first 25-basis-point cut in June, according to CME Fedwatch The tool, which measures the possibility of rate speed.
