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)

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CycleGF
Jul 24, 2025 1:07am
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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
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The Fool
Jul 24, 2025 2:00am
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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
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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
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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
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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
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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.
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Nala66
Jul 24, 2025 5:29am
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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.
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CycleGF
Jul 24, 2025 8:06am
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Likely Trump will Fire Powell Today... I just feel it
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The Fool
Jul 24, 2025 12:41am
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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
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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
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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
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[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
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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
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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
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DaJoWaBa
Jul 24, 2025 6:46am — Edited
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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.
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DaJoWaBa
Jul 24, 2025 8:03am
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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 . . . .
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Schultz
Jul 24, 2025 3:21am
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"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.
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Schultz
Jul 24, 2025 6:25am
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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.
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Schultz
Jul 24, 2025 7:47am
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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.
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Blessed-man
Jul 24, 2025 5:45am
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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
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do it, fire Powel you chicken, you TACO man
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CycleGF
Jul 24, 2025 4:36am
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I can Imagine Gold, When Trump Walks into Fed Lobby this Morning
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CycleGF
Jul 24, 2025 5:19am
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What time is Trump Walking into Fed this Morning ? Before or After EU Rate Decision ?
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chiche
Jul 24, 2025 1:36am
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To see how much money is left...
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HonzaD
Jul 24, 2025 7:23am
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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.
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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.
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Trader#FCDD
Jul 24, 2025 6:44am
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donald comes to personally pull jpow's hair lol

it's stunt like this, not the actual action, that makes markets worry
Reply

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