Trump to visit Federal Reserve on Thursday, White House says | Metals Mine

  • Trump to visit Federal Reserve on Thursday, White House says

    From brecorder.com

    US President Donald Trump, a strong critic of Federal Reserve Chair Jerome Powell, will visit the central bank on Thursday, the White House said. Trump has lambasted Powell repeatedly for not cutting U.S. interest rates more aggressively, referring to him as a “numbskull” on Tuesday and musing publicly about firing him. The White House said on Wednesday in a schedule it released to the media that Trump would visit the Federal Reserve at 4:00 p.m. ET (2000 GMT) on Thursday. The schedule did not say whether Trump would be meeting with Powell. Trump says Fed’s Powell will be out in 8 months, calls him a ... (full story)

Comment Options
CycleGF
Jul 24, 2025 1:07am
Permalink
Quoting The Fool
If the FOMC doesn't cut next week, Trump will sack Powell. I gotta have a sawbuck on that possibility for the 1st week of August. Bull market needs to bleed.
All other Central Banks are cutting rates, BoE announced that they will cut the rate. Plus, the Tariffs is not a new thing, every country has their on Tariffs... Interest rates will be cut, but the question is by how much.... US interest rate as of now its the Highest among all other developed nations
Reply
The Fool
Jul 24, 2025 2:00am
Permalink
Over the last 10 yrs, the average return for the SnP in the month of August is only 0.1%. Leads up to the historically worst month for stocks, September. September is where bull markets go to die (well, no, they can never die)...or at least take a big dump.
The Fool
Jul 24, 2025 1:04am
Permalink
If the FOMC doesn't cut next week, Trump will sack Powell. I gotta have a sawbuck on that possibility for the 1st week of August. Bull market needs to bleed.
axecap
Jul 24, 2025 2:54am
Permalink
Quoting The Fool
If the FOMC doesn't cut next week, Trump will sack Powell. I gotta have a sawbuck on that possibility for the 1st week of August. Bull market needs to bleed.
There is no way either will happen. The rate will stay the same next week.
axecap
Jul 24, 2025 4:59am
Permalink
trump needs a lower dollar, he has said thats what he wants.He cant fire powell and wont try, but he is creating an environment where the replacement knows what he wants, so he will get what he wants. He will succeed in getting a lower dollar. picking when it happens is the trick.....but its going to happen
DaJoWaBa
Jul 24, 2025 7:26am
Permalink
Quoting Vancarbon
{quote} Having read the article as per your request . It comes down to two sides- 1) those with integrity 2) the other side.
.

Separately there is plenty of evidence that any political posturing around the FED makes markets jittery and in consequence rates stay, or go, a few points higher. So, IF MAGA wanted rates to come down, they should shut up about it and wait it out.
Reply
Nala66
Jul 24, 2025 5:29am
Permalink
He is only going to see if he can swipe some of the marble. Always keep your hands on your wallet when he is near.
Reply
CycleGF
Jul 24, 2025 8:06am
Permalink
Likely Trump will Fire Powell Today... I just feel it
Reply
The Fool
Jul 24, 2025 12:41am
Permalink
SCOTUS confirmed today that they will not stand in Trump's way if he fires JPow.

https://www.aljazeera.com/news/2025/...r-safety-panel
The Fool
Jul 24, 2025 1:11am
Permalink
Every trade "deal" announced by Trump takes some of the heat out of the tariff drama. The real effects on the economy remain to be seen, months and years from now. Expectations are for no cut by the Fed next week. But, I would put another sawbuck on a bet that they do. Gotta like them long odds.
The Fool
Jul 24, 2025 11:05am
Permalink
Quoting CycleGF
Likely Trump will Fire Powell Today... I just feel it
Trump is going to fire Powell, 100%. The SCOTUS gave him the green light in their ruling yesterday

https://www.nytimes.com/2025/07/23/u...smid=url-share

I had thought this would happen right after the next FOMC. So, we'll see.

What s not so clear to me is how markets will react. Could be the calculus is - let's get this done sooner than later, so any negative effects can play out well before that could affect the mid-terms.
axecap
Jul 24, 2025 5:54am
Permalink
[quote=Blessed-man;15323923]{quote} Does the Fed Chair have a VETO vote. If he doesn't, the other members also got their on merit. So it may not result in what he wants, they will take the best decision (optimal decision), does not have to favour Trump.[/qu
ote]
thats is what you would hope... the chair has huge influence but not a veto.But money buys everything..
Once the new fed chair is trumps patsy the dollar will fall, they will look after their jobs first
CycleGF
Jul 24, 2025 12:52am — Edited
Permalink
Another Media Cabaret Show
It's either this , or Khomeini is ready war a stunt...

Whats gonna happen is, Trump is going to the Fed Building to check if they really need to replace the 100 year Old Freeky Elevator, then he will be sorry and Hug Powell and sign on the Check to replace the Elevator. Then he will wave to the Public and take some pics to publish on WSJ to take the credit. The market will cheer and Equities will Pump.
Reply
CycleGF
Jul 24, 2025 3:37am
Permalink
Quoting Vancarbon
{quote} So what makes an investment banker located in Mauritius , suddenly want to join forex factory in June ? Asking for a friend .
Retired IB (Veteran). Trading is my passion
Reply
DaJoWaBa
Jul 24, 2025 6:46am — Edited
Permalink
For those who are honest with themselves and recognise they can get drawn into taking sides before getting a better understanding of the field of play and potential repercussions, this is worth reading for background insight:
https://kotokreport.com/bob-eisenbei...airman-powell/

I've always said the Bond Vigilantes are primary and will have the final word, whatever the political shenanigans.
Reply
DaJoWaBa
Jul 24, 2025 8:03am
Permalink
Quoting Vancarbon
{quote} Yes , it goes without saying . Somehow, certain parties which shall remain nameless, find this task very difficult .
Oh, I love a puzzle, mystery and riddles. Let me think now . . . .
Reply
Schultz
Jul 24, 2025 3:21am
Permalink
"Trump has lambasted Powell repeatedly for not cutting U.S. interest rates more aggressively, referring to him as a “numbskull” on Tuesday and musing publicly about firing him."

If I were a psychologist I might suggest that there's a bit of projectionism going on there. But I'm not, so I won't.
Reply
Schultz
Jul 24, 2025 6:25am
Permalink
Does Trump comprehend the ramifications should the rest of the world's bankers lose trust in the independence of the Fed?

That dumping of junk portrayed in the movie Margin Call would be likened to a gentle walk in a pleasant park on a sunny fine day with kids playing..

Why is he really visiting the Fed? With whom will he be meeting? I think that this is an exceptionally rare event. Not totally unexpected I guess, but really?
Edit - I checked. 2006, GW Bush attended the swearing in of Ben B.
Reply
Schultz
Jul 24, 2025 7:47am
Permalink
Quoting Vancarbon
The dollar has fallen according to government policy . https://www.hudsonbaycapital.com/doc...ing_System.pdf How much it depreciates without inflationary pressures asserting themselves is anyone’s guess . Remember-nothing is linear in trading .
1. There is no one "dollar". The USD is traded freely amongst a quite large number of individual currencies. The largest one in the DX is of course the Euro, about 60% weight without checking. That leaves dozens not even in the calculation.

Many of them actually run deficits with USA. For example, Australia imports twice as much as it exports with the USA.

2. Dr Miran, bless him, covers a lot of ground in a short paper and by necessity does not address many important issues which are fundamental to his thesis. I would not like to be in his position. I'd like to say that he is wrong, but that is always too easy with macro-economics. There is always too much what I call hand waving.

I'm not sure if he means to, but there are perhaps a couple times when he mentions regional economics ibn the USA. What I say to that is this - good. How to address this is to divide the USA into a dozen regional areas, each with their own currency.

I'm sure that California could easily have their own. A different one from Florida and New York and Washington. There are already how many regional arms of the Fed?

Similar to Europe before the Euro.
Reply
Blessed-man
Jul 24, 2025 5:45am
Permalink
Quoting axecap
trump needs a lower dollar, he has said thats what he wants.He cant fire powell and wont try, but he is creating an environment where the replacement knows what he wants, so he will get what he wants. He will succeed in getting a lower dollar. picking when it happens is the trick.....but its going to happen
Does the Fed Chair have a VETO vote.

If he doesn't, the other members also got their on merit. So it may not result in what he wants, they will take the best decision (optimal decision), does not have to favour Trump.
Reply
Polimini
Jul 24, 2025 3:06am
Permalink
do it, fire Powel you chicken, you TACO man
Reply
CycleGF
Jul 24, 2025 4:36am
Permalink
I can Imagine Gold, When Trump Walks into Fed Lobby this Morning
Reply
CycleGF
Jul 24, 2025 5:19am
Permalink
What time is Trump Walking into Fed this Morning ? Before or After EU Rate Decision ?
Reply
chiche
Jul 24, 2025 1:36am
Permalink
To see how much money is left...
Reply
HonzaD
Jul 24, 2025 7:23am
Permalink
Quoting axecap
trump needs a lower dollar, he has said thats what he wants.He cant fire powell and wont try, but he is creating an environment where the replacement knows what he wants, so he will get what he wants. He will succeed in getting a lower dollar. picking when it happens is the trick.....but its going to happen
But the wish for a lower dollar cannot be granted as long as you have high inflation. The only thing a weaker dollar would help with high inflation would be exports, which would, as a result, increase companiey expansion even more and thus drive up domestic inflation even more. On the contrary, a strong dollar protects against higher import prices, you get cheaper gasoline at gas stations, the population has higher purchasing power and then exports - because a strong dollar makes it harder for companies to promote themselves abroad, it leads to them having to find a way to save costs at the domestic level, even lower wages, which is not good for those employees or the domestic economy, but it is good against inflation. Mr. Powell is now the target of angry, but as long as inflation is high, Trump can get angry at anyone others in FED that they are not weakening the dollar. For the FED, currency is the basic tool for protecting against inflation.
Reply
Trader#833D
Jul 24, 2025 6:12pm
Permalink
Quoting The Fool
{quote} Trump is going to fire Powell, 100%. The SCOTUS gave him the green light in their ruling yesterday https://www.nytimes.com/2025/07/23/u...smid=url-share I had thought this would happen right after the next FOMC. So, we'll see. What s not so clear to me is how markets will react. Could be the calculus is - let's get this done sooner than later, so any negative effects can play out well before that could affect the mid-terms....
Trump can't fire Powell and it will not happen. Powell will stay until the end of his term which is I think May 2026.
Reply
Trader#FCDD
Jul 24, 2025 6:44am
Permalink
donald comes to personally pull jpow's hair lol

it's stunt like this, not the actual action, that makes markets worry
Reply
    • Older Stories  
    Silver Price Forecast: XAG/USD falls to near $39.00 due to trade deals optimism

    From fxstreet.com|Jul 23, 2025

    Silver price (XAG/USD) extends its losses for the second successive session, trading around $39.10 per troy ounce during the Asian hours on Thursday. The price of Silver struggles ...

    Bullock: The RBA’s Dual Mandate – Inflation and Employment

    From rba.gov.au|Jul 23, 2025

    I’d like to begin by acknowledging the Traditional Custodians of the land on which we meet and pay my respects to Elders past and present. It’s an honour to join you today at the Anika Foundation fundraising lunch. The Foundation supports vital work on youth mental health research, awareness and education, in which I have a strong personal interest. I’m proud to uphold the tradition of the Reserve Bank Governor speaking at this event to support an organisation that is making a real difference. My remarks today centre on the dual objectives of monetary policy: ‘price stability’, which means maintaining low and stable inflation; and full employment, which I will talk about in more detail later.1 I’ll explore how these aims have shaped the Monetary Policy Board’s strategy in recent years.2 As part of that, I will reflect on the relationship between the labour market and inflation over that time, and how conditions in the labour market have evolved to the present day. Now is a good time to revisit these subjects, following the agreement two weeks ago of an updated Statement on the Conduct of Monetary Policy, which sets out the common understanding of Government and the Board on key elements of the monetary policy framework. But before I turn to that, I’ll start with an update on recent monetary policy settings. RESERVE BANK OF AUSTRALIA GOV BULLOCK: MEASURED, GRADUAL APPROACH TO MONETARY POLICY EASING IS APPROPRIATE LABOUR MARKET HAS EASED ONLY GRADUALLY, UNEMPLOYMENT RATE RELATIVELY LOW RISE IN UNEMPLOYMENT IN JUNE WAS IN LINE WITH OUR FORECASTS, NOT A "SHOCK" JUNE DATA SUGGESTS…

    UK vehicle making hits lowest level since 1953

    From bbc.com|Jul 23, 2025

    British car and van production in the first half of this year has hit its lowest level since 1953, excluding the industry shutdown during Covid. Car output fell 7.3% in the six ...

  • Story Stats

  • Related Stories