Employ is chair holder till retirement

🔥🔥 Jerome Powell Takes Strong Stand Against President Trump, Market Responds Positively 🔥

Jerome Powell boldly dismissed President Trump's remarks, stating, "I will not comment on President Trump's statements. I have not spoken with him, nor will I yield to any of his requests. The Federal Reserve will act independently as necessary."

🔥 Addressing recent policy shifts, Powell acknowledged temporary uncertainty but expressed optimism that it will resolve. He highlighted the stable condition of the labor market as a significant positive.

🔥 Regarding changes in the Fed's recent statements, Powell clarified, "We decided to remove the mention of inflation, which does not signal any negative intent."

🔥 Powell reaffirmed his stance on monetary policy, affirming, "My evaluation of our policy stance remains unchanged; our current policy is significantly less restrictive than before."

🔥 Looking ahead, Powell shared optimistic economic forecasts, noting, "GDP for 2024 is projected to exceed 2%, and the real estate sector shows signs of stabilization."

🔥 Powell emphasized the importance of Fed independence, stating, "President Trump lacks the authority to remove me. The Federal Reserve's independence is vital for the strength of the US economy."

Powell's firm statements have boosted market confidence, demonstrating resilience against political pressures. 📈💪