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politics20h ago
MAGA Wall Street Bros Beg Trump to End His ‘Next Level Dumb’ Revenge Plot
- Trump supporters on Wall Street press to end the Powell probe as markets could be unsettled.
- Executives say the probe could spook markets and hinder the economy by delaying rate decisions.
- Senators warn the investigation could undermine Fed independence and market stability.
- Powell defended the Fed’s stance while indicating the probe is politically motivated.
- International central banks voiced support for Powell’s independence.
- Lawmakers on Republican side voice concerns about the probe’s impact on markets.
- Some Republican lawmakers warned against destabilizing markets by probing the central bank.
- The article sketch notes Powell’s resignation could come under pressure if the investigation accelerates.
- The Daily Beast frames the probe as part of a broader political clash between Trump allies and Powell.
- The report highlights tension between political goals and central bank independence.
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