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Trump says 'stupid' Powell 'probably won't cut' rates when Fed meeting ends Wednesday

1. Trump criticized Fed Chair Powell before a key interest rate decision. 2. He argues Fed rates should be lower to save financing costs. 3. Current market expects no immediate rate cuts; next expected in September. 4. Powell faces pressure despite commitment to independence from political influence. 5. Trump suggests he could do better as Fed chair than Powell.

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FAQ

Why Bearish?

The uncertainty surrounding interest rates can negatively affect market confidence, akin to the 2019 rate uncertainty that contributed to market volatility.

How important is it?

The article discusses influential figures impacting monetary policy, affecting market stability and investor sentiment.

Why Short Term?

Immediate market reactions are likely as investors digest the Fed's decisions and political commentary, similar to past reactions during rate announcements.

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