Trump wants to fire Powell? The French finance minister warns: this will damage the credibility of the dollar and the USA economy!
① The French Minister of Finance, Le Maire, warned that if Trump dismisses Federal Reserve Chairman Powell, it would jeopardize the credibility of the dollar and undermine the stability of the USA economy; ② Last week, Trump expressed his disappointment in Powell's cautious attitude towards interest rate cuts and posted on Social Media that Powell is not being fired quickly enough.
U.S. Stock Futures Fall After Another Losing Week on Wall Street
Bad news for U.S. debt! The first major life insurance company in Japan announces its annual investment plan: aggressively purchasing Japan's ultra-long bonds while considering reducing foreign debt.
Fuguo Life Insurance is the first major life insurance company to announce such an investment plan this fiscal year. According to the Japan Life Insurance Association, the total investment assets of these life insurance companies amount to approximately 390 trillion yen (about 2.7 trillion dollars), and their investment decisions can significantly impact the direction of the Global market.
Continuous pressure for two days! Trump calls for interest rate cuts again, and White House advisors admit they are studying the possibility of firing Powell.
Trump has pressured for two consecutive days, once again calling on the Federal Reserve to cut interest rates.
Amidst stock market turbulence, the "strongest alpha" emerges! Tariffs cannot suppress the explosive expansion of AI computing power.
Taiwan Semiconductor stated that no changes in customer behavior due to USA tariffs have been observed, and its optimistic expectations contrast sharply with the uncertainties in the global market.
Support Powell? The "third-in-command" of the Federal Reserve stated that there is no necessity to adjust interest rates in the short term!
① The President of the New York Federal Reserve, Williams, believes that there is no need to change the Federal Reserve's interest rate policy in the short term, although Trump's tariffs may increase inflation, weaken economic growth, and raise unemployment rates. ② Williams emphasized that the Federal Reserve needs to ensure that inflation does not continue to rise and to bring inflation back to the target level of 2%.
Reports indicate that Trump intends to replace Powell, while former Federal Reserve officials advise against interfering with the independence of the central bank.
Recently, USA President Trump met with former Federal Reserve Board member Kevin Walsh to discuss the possibility of replacing current Federal Reserve Chair Powell ahead of schedule.
Daily Roundup of Key US Economic Data for April 17
IHS Markit Slashes Global Growth Outlook Amid Mounting Investor Jitters
Treasury Yields Tick Lower as U.S. Labor Market Shows Resilience -- Market Talk
Will Tariff-Related Inflation Derail the Bond Market's Rally?
U.S. Treasury Yields Edge Higher; Europe Awaits ECB Rate Decision -- Market Talk
Fed Chair Powell: Cutting Discretionary Federal Spending Will Not Fix US Debt
Foreign Central Banks Are Loading Up on T-Bills, Selling U.S. Bonds
Warning signs in the U.S. job market! In 14 states, the number of unemployed exceeds job openings, marking a 14-year high.
Media reports indicate that, according to data analysis released by the U.S. Bureau of Labor Statistics (BLS) on Wednesday, as of February, the number of unemployed in 14 states has exceeded job openings, the highest record since April 2021. Analysis suggests that this indicates the U.S. job market is becoming increasingly severe. Federal Reserve Chairman Powell stated on Wednesday that tariffs will 'highly likely' lead to higher prices for consumers and higher unemployment rates for the economy in the short term.
One month before the U.S. debt storm, U.S. overseas bondholders held the largest increase in U.S. treasury bonds since June 2021.
The US Treasury Department's International Capital Movement report (TIC) shows that in February of this year, foreign holders of US Treasury bonds in the USA significantly increased, marking the largest increase since June 2021. Canada and Japan were the leading countries in net Buy volume for the month, which coincided with recent turbulence in the US Treasury market.
Daily Roundup of Key US Economic Data for April 16
Federal Reserve Watch for April 16: FOMC Seen 'Well Positioned' to Wait for Clarity Before Adjusting Policy
Federal Reserve Chair Powell Says FOMC 'Well Positioned' to Wait for Clarity Before Adjusting Policy
Powell: Tariffs increase uncertainty, the Federal Reserve maintains its policy unchanged and continues to observe.
According to Wu, Federal Reserve Chairman Jerome Powell stated that economic growth in the first quarter has slowed, partly due to increased imports and moderate Consumer spending, while the uncertainty brought by tariff policies...