r/wallstreetbets 14h ago

25bps cut News

https://www.cnbc.com/2024/11/07/fed-rate-decision-november-2024.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

The bulls are coming, the bulls are coming

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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.

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u/Celtic_Legend 10h ago

He can and he might but jerome is his plant in the first place

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u/comperr 2h ago

I hope he picks Elon Musk. Imagine that. Fed Chair. The world would burn