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Here's what happens to the economy if Trump fires Jerome Powell and installs a loyalist at the Fed

Summary by Reason
If we get a system where markets determine interest rates, we'll be better off. If we get one where presidents determine them, we'll be worse.

4 Articles

Donald Trump puts the Federal Reserve back at the center of the debate. According to Bloomberg, Christopher Waller would be his favorite candidate to relieve Jerome Powell, in a context of political and economic tension that does not leave markets indifferent. Alexis Ortega, a market analyst, analyzes in Televisión the implications of this possible relief, the impact of tariffs on Europe and Trump’s pressures on big corporations such as Intel an…

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MoneyWeek broke the news in on Friday, August 8, 2025.
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