macroupdates

🚨 FED TRANSITION ALERT — POWELL’S FINAL MEETING?

This isn’t just another Fed decision…
It could mark the end of an era for Jerome Powell.
🗓️ April 29 — Federal Reserve Decision (Potentially Powell’s last as Chair)

📊 What’s confirmed right now:
• Fed is expected to hold rates steady (~3.5%–3.75%) (Reuters)
• Inflation still elevated (~3%+), limiting immediate rate cuts (AP News)
• Markets watching closely for forward guidance, not just the decision

Powell’s Moment:
This could be Powell’s final press conference as Fed Chair, with his term ending May 15 (AP News)
His legacy? Defending Fed independence despite heavy political pressure (Reuters)

⚠️ Trump vs Powell — What actually happened:
• Trump DID appoint Powell in 2018 ✔️
• Major clashes happened over interest rate cuts ✔️
• Trump pushed for aggressive easing — Powell resisted ✔️
• Despite pressure, Powell was not removed, preserving Fed credibility ✔️ (Reuters)

👤 What about Kevin Warsh?
• Trump’s nominee to replace Powell
• Senate process is advancing now
• Could take over as early as mid-May (after May 15) (AP News)
⚠️ Important Reality:
Warsh is NOT officially Chair yet — confirmation still in progress
And interestingly, even he may not rush into rate cuts immediately (Reuters)

🔥 Market Impact:
This transition creates uncertainty + volatility
• No rate cuts yet → pressure on risk assets
• Hawkish tone → USD strength
• Dovish hints → crypto relief rally

Final Take:
This is bigger than a rate decision.
It’s a power shift inside the Federal Reserve.
Markets aren’t just pricing policy…
They’re pricing who controls it next.

#Fed #JeromePowell #CryptoNews #MacroUpdates