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子路 @JeffNov05 on x XX followers
Created: 2025-07-26 14:01:51 UTC
Trump, as a real estate mogul, is monstering Powell over the most contentious building upgrade in America – the $US2.5bn ($3.8bn) renovation of the Federal Reserve in Washington – but his true goal is to leverage all the power of his position as President to pressure the Fed into cutting interest rates.
While the market is pricing a near-certain hold on Wednesday next week at XXXX to XXX per cent, there is no doubt a titanic power struggle is playing out between Trump and the Federal Reserve for greater control over the US economy.
The independence of the central bank is under assault, with Trump arguing for a three-percentage-point reduction.
While the Supreme Court has signalled that Federal Reserve board members have special constitutional protections against removal, Trump is hyping perceptions he could use the cost blowouts on the renovations as the basis for terminating Powell.
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Related Topics rates $38bn $us25bn united states federal reserve powell coins real estate donald trump