How Trump Can Secretly Disarm Fed Chair Powell | WSJ

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President Donald Trump has signaled he’s already looking to replace Federal Reserve Chair Jerome Powell far earlier than usual. Here’s how a so-called ‘shadow’ Fed would work, and what it means for markets and consumers. Chapters: 0:00 President Trump vs. Fed Chair Powell 0:41 How a ‘Shadow’ Fed would work 2:25 Risks 4:22 Who Trump could replace Powell with 5:30 What’s next? News Explainers Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break

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How Trump Can Secretly Disarm Fed Chair Powell | WSJ The Wall Street Journal - 14.07.2025 17:00

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How Trump Can Secretly Disarm Fed Chair Powell | WSJ The Wall Street Journal - 14.07.2025 17:00