Federal Reserve independence at risk from Trump's pressure campaign, J.P. Morgan warns
Friday, 18 July 2025 () J.P. Morgan warned in a note that Trump's pressure on the Federal Reserve and threats to fire Chair Powell could undercut central bank independence and increase inflation risks.
Tensions between governments and central banks are common. Governments often prefer low interest rates for economic growth. Central banks prioritize controlling.. IndiaTimes
US Federal Reserve keeps interest rates unchanged as it awaits the impacts of Trump's global tariffs
Trump has slammed the US Federal Reserve Board chief Jerome Powell, calling him “stupid”, as the federal agency holds off on interest rate changes as it anticipates economic decline in the wake of the US president’s global tariff policies.
READ MORE : http://www.euronews.com/2025/06/19/us-federal-reserve-keeps-interest-rates-unchanged-as-it-awaits-the-impacts-of-trumps-globa
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Credit: euronews (in English) Duration: 02:00Published
In a 6–3 decision, the Supreme Court ruled that President Trump had the authority to fire Biden-appointed officials Wilcox and Harris mid-term, weakening decades-old congressional protections over independent agencies. The decision—criticized by Justice Kagan—allows presidents to remove executive officers without cause, but excludes the Federal Reserve. Trump’s firings stalled the NLRB and Merit Board, halting key decisions. While the ruling marks a major shift in separation of powers, the Court says a final judgment is still pending.
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During the signing of the landmark GENIUS Act, President Trump launched a spectacular verbal assault on BRICS, calling the bloc a “little group fading fast”, accusing it of trying to dethrone the US dollar. He reaffirmed his threat of a 10% tariff on any country joining the alliance, claiming the measure “hit them very hard” and caused BRICS attendance to collapse. Trump emphasized the GENIUS Act’s role in cementing American leadership in crypto and finance, proudly noting, “They named it after me!”
He portrayed the protection of the dollar's reserve status as vital—comparable to “not losing a World War.” Meanwhile, the newly passed law establishes regulatory clarity for stablecoins, bolstering US dominance in digital currency while rejecting central bank digital currency. Trump delivered his usual bombast: BRICS must never “play games with us.” Critics point out there's little evidence BRICS plans a dollar coup, but Trump’s economic war strategy is on full display.
#TrumpVsBRICS #DollarDominance #GENIUSAct #TrumpTariffs #ProtectTheDollar #BricsCollapse #CryptoLaw #USReserveCurrency #StablecoinRegulation #TrumpSpeech #TariffThreat #BricsPay #EconomicWarfare #USFinanceLeadership #MAGA #GlobalDollar #TrumpCrypto #AntiBrics #TariffWar #DonaldTrump
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