🔥 Interesting news from the world of economics! 🔥
Fed Chair Jerome Powell sent a clear signal — it is not so easy to remove him from office, even if a new president, say, Donald Trump, asks for it. Powell is confident that the president simply does not have the legal right to fire him or demote him 🤷♂️. And, as he added, even if Trump returns to the White House, it will not affect the Fed's upcoming decisions on monetary policy 💸.
This move demonstrates the independence of the Fed and the strength of institutions, as Powell's job is to protect the economy and maintain stability, regardless of political changes 🏛️. Such a statement undoubtedly reassures the markets, reminding that the central bank remains above the fray of political winds.
We expect that the dollar exchange rate and financial markets are closely monitoring these events 👀.
