Trump Threatens to Ax Powell as September Rate Cut Hopes Crumble

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2025-07-31 08:30:00

Fed Chair Jerome Powell finds himself in the crosshairs as political pressure mounts—just as markets lose faith in a September rate cut.

Powell’s job security is suddenly on the chopping block, with Trump openly musing about replacing him. Meanwhile, traders slash bets on a September Fed pivot—because nothing says 'stable monetary policy' like mixing politics with central banking.

Here’s the kicker: Wall Street’s rate-cut dreams are fading faster than a meme coin’s bull run. The odds? Slim to none—and slim just left the building.

Bonus jab: Nothing unites politicians and traders quite like their shared talent for ignoring economic reality until it’s too late.

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