US EditionAsian shares are mostly higher after Trump says he discussed firing Fed Chair Powell
CHINA, JUL 17 – Trump’s threat to fire Fed Chair Powell sparked market volatility before he called the move unlikely, with analysts warning it would risk inflation and undermine Fed independence.
- On July 17, 2025, President Donald Trump said he discussed firing Powell, markets like the S&P 500 and the dollar swung sharply, before returning to prior trends.
- Last month, Trump said `we have a man who just refuses to lower the Fed rate` and flagged $2.5 billion overspending on the Federal Reserve building renovation.
- Asia’s export-led economies face heightened risk, as 30-year Treasury yield briefly jumped to 5.05% while markets dropped on Wednesday after firing rumors.
- After initial sell-off, Trump’s reversal calmed markets, as he later said he was `highly unlikely` to fire Powell.
- For Asia’s export-reliant economies, the real chaos might just be starting, as Powell’s removal could trigger severe dollar volatility before May 2026.
41 Articles
41 Articles
Colorado Springs Gazette
Bessent advised Trump against firing Powell: Report
Treasury Secretary Scott Bessent privately urged President Donald Trump over the last week not to fire Federal Reserve Chairman Jerome Powell, according to a report. A Wall Street Journal report on Saturday detailed Bessent’s concerns in talks with the president…
To see why markets hate Trump's Fed meddling, look at Turkey
President Donald Trump, accompanied by Turkish President Recep Tayyip Erdogan, speaks in the Roosevelt Room of the White House in Washington Tuesday, May 16, 2017.Evan Vucci/APTrump's plan to fire Fed Chair Powell spooked investors this week.Experts warn Trump's actions could undermine Fed independence and cause inflation to rise again.Turkey's inflation crisis is an ongoing example of the risks of political interference in monetary policy.Inves…
3 ways Trump trying to fire Powell could backfire | News Channel 3-12
By John Towfighi and Bryan Mena, CNN New York/Washington (CNN) — If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets. For now, the likelihood of the president actually moving to oust the head of the central bank remains low, due to the legal hurdles required. That’s partly why investors have seemingly grown numb …
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