{"id":43,"date":"2024-11-08T01:05:36","date_gmt":"2024-11-08T01:05:36","guid":{"rendered":"https:\/\/financialrizz.com\/?p=43"},"modified":"2024-11-08T01:05:36","modified_gmt":"2024-11-08T01:05:36","slug":"jerome-powell-says-no-to-trumps-resignation-hypothesis","status":"publish","type":"post","link":"https:\/\/financialrizz.com\/index.php\/2024\/11\/08\/jerome-powell-says-no-to-trumps-resignation-hypothesis\/","title":{"rendered":"Jerome Powell says \u2018No\u2019 to Trump\u2019s resignation hypothesis."},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/financialrizz.com\/wp-content\/uploads\/2024\/11\/img_6857-1.jpg\" class=\"size-full wp-image-42\" width=\"1167\" height=\"634\" srcset=\"https:\/\/financialrizz.com\/wp-content\/uploads\/2024\/11\/img_6857-1.jpg 1167w, https:\/\/financialrizz.com\/wp-content\/uploads\/2024\/11\/img_6857-1-300x163.jpg 300w, https:\/\/financialrizz.com\/wp-content\/uploads\/2024\/11\/img_6857-1-1024x556.jpg 1024w, https:\/\/financialrizz.com\/wp-content\/uploads\/2024\/11\/img_6857-1-768x417.jpg 768w\" sizes=\"(max-width: 1167px) 100vw, 1167px\" \/>Just in today, while the high spirits are up and the markets are up-per, The FOMC added more stimulus to the post election rally by cutting interest rates.<\/p>\n<h1>The rate cut<\/h1>\n<p>The new target is now 4.5%-4.75, a 25 basis point reduction from last meeting&#8217;s target. This signals a shift in approach and complete sentiment turnaround as Jerome Powell mentioned that he &#8216;feels good&#8217; about the economy in his speech today. He sited the drop in inflation (7% -2.1%) and the strong economy as worthy reasons for the rate cut.<\/p>\n<h2>And then ?<\/h2>\n<p>But that&#8217;s not all the rizz, He replied with a &#8216;no&#8217; when a reporter asked him if he would resign if the 45th &amp; 47th President Trump asked him to. Guess the economy isn&#8217;t the only thing he can put a stop.<\/p>\n<h2><strong>What&#8217;s<\/strong> next  for the FED<\/h2>\n<p>Powell also signaled that a pause is ahead as the Fed stays steadfast on their goal of bringing inflation to 2% while achieved maximum employment. He also attributed the job market softening to the terrible hurricanes in October.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just in today, while the high spirits are up and the markets are up-per, The&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[57,51,54,49,24,52,58,59,53,56,50,55],"_links":{"self":[{"href":"https:\/\/financialrizz.com\/index.php\/wp-json\/wp\/v2\/posts\/43"}],"collection":[{"href":"https:\/\/financialrizz.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrizz.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrizz.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrizz.com\/index.php\/wp-json\/wp\/v2\/comments?post=43"}],"version-history":[{"count":1,"href":"https:\/\/financialrizz.com\/index.php\/wp-json\/wp\/v2\/posts\/43\/revisions"}],"predecessor-version":[{"id":44,"href":"https:\/\/financialrizz.com\/index.php\/wp-json\/wp\/v2\/posts\/43\/revisions\/44"}],"wp:attachment":[{"href":"https:\/\/financialrizz.com\/index.php\/wp-json\/wp\/v2\/media?parent=43"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrizz.com\/index.php\/wp-json\/wp\/v2\/categories?post=43"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrizz.com\/index.php\/wp-json\/wp\/v2\/tags?post=43"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}