Analysis: Trump unlikely to fire Powell, but could still 'manipulate' the Federal Reserve

BlockBeats News: On April 21st, Francesco Bianchi, an economics professor at Johns Hopkins University, stated that Trump is unlikely to take action on his threat to fire Federal Reserve Chairman Powell, but the pressure from his public actions to push for a rate cut will still have an impact on the Fed's decisions. After Trump's threat last week, the Federal Reserve now knows that if there is an economic recession, it will face public criticism. After Powell made it clear that he was not in a hurry to cut interest rates, and Trump responded by saying he might fire Powell, the stock market fell sharply due to the risk of weakening the independence of the Federal Reserve. Francesco Bianchi believes that Trump will not turn threats into action. The main reason is that Powell's term is expected to end in about a year. The chaos caused by doing so will be much greater than the benefits it brings. Replacing Powell will lead to financial markets expecting further increases in interest rates in the future. (Golden Ten)