Ed Luce: If Trump Really Wants To Fire Powell, Then We Ain’t Seen Nothing Yet in Terms of Market Turmoil

KAY Ed I know ░░░░░░░░ you ve been wanting ░░░░░░░░ speak about this all ░░░░░░░░ We know that Donald ░░░░░░░░ has wanted to get ░░░░░░░░ of Fed Powell for ░░░░░░░░ while Do you think ░░░░░░░░ are inching closer to ░░░░░░░░ point where he might ░░░░░░░░ fire him LUCE Yes ░░░░░░░░ mean remember he has ░░░░░░░░ this once before in ░░░░░░░░ first term but that ░░░░░░░░ pre Covid at a ░░░░░░░░ of market stability He ░░░░░░░░ pressuring Powell then to ░░░░░░░░ interest rates and he ░░░░░░░░ not because of pressure ░░░░░░░░ Trump This time is ░░░░░░░░ different We re at ░░░░░░░░ time when the dollar ░░░░░░░░ falling Dollar is falling ░░░░░░░░ other countries are cutting ░░░░░░░░ rates So it should ░░░░░░░░ rising Why is the ░░░░░░░░ falling The dollar is ░░░░░░░░ because people investors are ░░░░░░░░ trust in the full ░░░░░░░░ and credit of the ░░░░░░░░ S government under Donald ░░░░░░░░ And if he then ░░░░░░░░ into this tariff war ░░░░░░░░ is creating inflation which ░░░░░░░░ course means you can ░░░░░░░░ cut interest rates because ░░░░░░░░ s even more inflationary ░░░░░░░░ Trump is adding into ░░░░░░░░ a threat to the ░░░░░░░░ of the Fed the ░░░░░░░░ independent central bank in ░░░░░░░░ world going back to ░░░░░░░░ an absolute mainstay of ░░░░░░░░ dollar as the global ░░░░░░░░ currency if Trump in ░░░░░░░░ middle of this is ░░░░░░░░ to end the independence ░░░░░░░░ the Fed he s ░░░░░░░░ to he s going ░░░░░░░░ end the dollar as ░░░░░░░░ reserve currency status I ░░░░░░░░ it s that it ░░░░░░░░ that significant these threats ░░░░░░░░ he s issuing So ░░░░░░░░ think amongst sort of ░░░░░░░░ the market turmoil over ░░░░░░░░ tariffs since April 2nd ░░░░░░░░ he had his liberation ░░░░░░░░ the Fed hasn t ░░░░░░░░ the mix until yesterday ░░░░░░░░ we re already seeing ░░░░░░░░ flight from the dollar ░░░░░░░░ he really means this ░░░░░░░░ I think The Wall ░░░░░░░░ Journal is correct that ░░░░░░░░ s been talking about ░░░░░░░░ Powell for weeks and ░░░░░░░░ if he really means ░░░░░░░░ then we ain t ░░░░░░░░ nothing yet in terms ░░░░░░░░ market turmoil.”