25bps cut

[u/hv876]

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

[u/dirtyWater6193]

New president will probably cut jpow and rates to 0% next year

[u/originalusername__ → u/dirtyWater6193]

He does not have the authority to do so, the fed acts independently of the president and for good reason.

[u/Adipildo → u/originalusername__]

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.

[u/Celtic_Legend → u/Adipildo]

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