U.S. short-term interest-rate futures climbed on Wednesday after reports surfaced suggesting President Donald Trump may soon dismiss Federal Reserve Chair Jerome Powell. The speculation has led traders to price in the likelihood of rate cuts beginning as early as September, with expectations of at least one more cut by December.
Trump has been a vocal critic of Powell, repeatedly urging the Fed to lower interest rates. However, a recent U.S. Supreme Court ruling reinforces the long-standing legal understanding that a president cannot remove the Fed chair solely due to policy disagreements. Despite this, the market reaction signals growing investor anticipation of a shift in monetary policy in the coming mont
