Kaitou Macro: Trump's dismissal of Powell will impact the market, and the new chairman will not cut interest rates as expected

Odaily Planet Daily News - Stephen Brown, Deputy Chief Economist for North America at Capital Economics, pointed out in a report that Wednesday's market reaction foreshadows how investors may respond if Trump implements the threat to dismiss Federal Reserve Chairman Powell. Brown stated that at that time, the yields of the US dollar, stocks, and short-term bonds may decline, while long-term yields may soar. Trump has refuted reports that he attempted to dismiss Powell, stating that it is "highly unlikely". However, the new chairman of the Federal Reserve is likely to be announced long before Powell's term ends in May 2026. Brown emphasized that even with a change in chairman, it is highly unlikely for the Federal Reserve to cut interest rates by 300 basis points as called for by Trump. (Golden Ten)