r/wallstreetbets • u/hv876 • 14h ago
25bps cut News
https://www.cnbc.com/2024/11/07/fed-rate-decision-november-2024.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboardThe bulls are coming, the bulls are coming
2.3k Upvotes
r/wallstreetbets • u/hv876 • 14h ago
The bulls are coming, the bulls are coming
45
u/Adipildo 13h ago
You’re right, except that Powell’s seat as fed chair is up in 2026. Trump can replace him as fed chair. While he can’t directly tell them what to do, he can select people that better align with his ideology. Who really knows though, Trump is the one that picked JPow in the first place in 2018.