Fed Fracas: Trump, Powell, and the Stablecoin Wizard in the Race for the Top Hat!
For months and months, Trump’s been huffing and puffing at Jerome Powell for daring to keep market interest rates lounging stubbornly between 4.25% and 4.50%. You see, the idea of lower rates-which might make the economy bounce like a hyperactive child on a sugar rush-appeals to Trump rather poorly, while Powell, calm as a sleepy badger, frets over runaway inflation.
What followed was a soap opera worthy of a golden Emmy: Trump’s hints of firing Powell, pushing him to exit stage left, and gossip swirling about who’d be handed the magic scepter next. But Powell, clever as a fox, might just grandpa-shuffle his way through till May 2026, daring anyone to snatch his throne.