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BREAKING: The Chairman of the US Federal Housing Finance Agency releases a statement claiming that Fed Chair Powell is considering resigning.
So far, the market is not reacting to the statement/headline.
However, if this is even partially true, it will have market-moving implications.
It's likely going to be another busy weekend ahead.
Follow us @KobeissiLetter for real time analysis as this develops.
President Trump is calling for a 300+ bps rate cut, immediately.
This would be one of the largest market-moving Fed actions of all time.
Read our thread below to see our view on what would happen to the market:
Jul 9, 23:20
It's official:
President Trump is now calling for the first 300+ basis point interest rate cut in US history.
This would be 3 TIMES larger than the 100 bps cut on March 15th, 2020, the largest in history.
So, what happens if the Fed does this? Let us explain.
(a thread)
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