politics @lemmy.world · 18 hours ago

Risk of Financial Panic Tempers Trump on Firing Powell

www.nytimes.com

cross-posted to:
economics@lemmy.world

Risk of Financial Panic Tempers Trump on Firing Powell

www.nytimes.com

cyrano@lemmy.dbzer0.com to

politics @lemmy.world · 18 hours ago

cross-posted to:
economics@lemmy.world

President Trump again attacked the chair of the Federal Reserve this week, but advisers say the president has turned more cautious on policies that could stoke extreme financial volatility again.

https://archive.is/2025.04.19-045009/https://www.nytimes.com/2025/04/18/business/trump-powell-fed-markets.html

For months, Mr. Trump has privately fretted about the prospect of a Great Depression-scale event’s happening on his watch — a scenario he shorthands in conversations as “1929.”

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As long as Trump gives his flock something to fear and look down upon, nothing else he does matters.

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