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**🚨 BREAKING: To Force Rate Cuts, Trump May Need to Replace Entire Fed Board – Not Just Powell**

President Trump’s public criticism of Fed Chair Jerome Powell has raised concerns about a potential attempt to oust the central bank chief. However, even this unprecedented—and legally questionable—move might not guarantee Trump’s desired rate cuts.

**Key Points:**
• **Firing Powell ≠ Policy Shift**: Analysts warn that removing Powell alone wouldn’t automatically lower rates, as the Fed’s Board of Governors and FOMC retain independent decision-making power.
• **Domino Effect**: Capital Economics notes Trump would likely need to replace *all six* Fed Board members to override resistance, risking market turmoil (e.g., dollar slump, rising long-term yields).
• **Institutional Guardrails**: The FOMC could technically elect a different leader for rate-setting, undermining Trump’s influence. JPMorgan emphasizes the Fed chair’s power stems from tradition, not just statutory authority.

**Why It Matters:** A politicized Fed could destabilize markets and erode confidence in the U.S. financial system.

#Fed #InterestRates #Trump #Economy #CryptoMarkets

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