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Firing Powell Can "Defeat Purpose" of Lowering Interest Rates

Firing Powell Can "Defeat Purpose" of Lowering Interest Rates

Schwab Network · Schwab Network

April 21, 20257m 31s

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Show Notes

Today's Charles Schwab Big Picture panel focuses on the Fed's independence. If President Trump successfully removes Fed Chair Jerome Powell from his position, Liz Ann Sonders believes it can have unintended consequences. She points to Powell's possible termination as putting extra pressure on the Fed's dual mandate. Cooper Howard turns to the bond market's reaction of Trump's rhetoric as a signal of support for Powell.


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