An interesting development in US politics, whispers of Federal Reserve Chair Powell getting fired in favour of someone who will bend to Trump.
Via a tweet from Senior Washington Correspondent for CNBC:
![Federal Reserve Chair Powell fired 05 June 2024 2](https://images.forexlive.com/images/Federal%20Reserve%20Chair%20Powell%20fired%2005%20June%202024_id_adfe097f-3626-404d-b949-9e18ec166ba9_original.jpg)
If Powell did cut rates now have a guess who would be doing the loudest bitchin' about it?
![Trump looking at Powell](https://images.forexlive.com/images/Trump%20looking%20at%20Powell_id_d947c2fb-7d78-4b53-aeb8-73a04a04eb3f_original.jpeg)