Trump targets Fed chair as inflation heats up

Trump may fire Fed Chair Powell, heightening market volatility amid uncertain inflation data and mixed rate cut odds.

Donald Trump is reportedly seeking to fire Fed Chair Jerome Powell, adding political tension to already volatile markets.

With fresh inflation data coming in hot, the Fed’s next move is now even more uncertain.

Markets are reacting to this “trial balloon” as a signal of potential policy instability, just as September rate cut odds hang at 50/50.

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