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69/100 Bearish 29.04.2026 · 04:31 Finrend AI ⏱ 1 dk 👁 10 TR

Trump Threatens to Fire Powell Before Term Ends

Former US President Donald Trump has threatened to fire Federal Reserve Chairman Jerome Powell as his term nears its end. The statement came at a time when Powell's chairmanship is under increasing political pressure from Trump. This threat has reignited concerns about the independence of the central bank. Although Powell's term is set to expire in 2026, Trump's move could complicate the Senate confirmation process for a new candidate. In particular, it is uncertain whether potential candidate Kevin Warsh can overcome Senate hurdles. Warsh previously served on the Fed's board of governors and is known for market-friendly policies. Trump's threat could create uncertainty in financial markets. Investors worry that if the central bank's independence is undermined, monetary policy could become politicized. This could put pressure on the US dollar index (DXY) and US equity markets (SPX, NDX). If Powell is fired, sudden changes in the Fed's interest rate policies could be expected. Trump has previously advocated for low interest rates and criticized Powell on this issue. The appointment of a new chair could affect the direction of monetary policy and increase market volatility. This is not investment advice.

📊 DXY — Piyasa Yorumu

▼ down · 60%

The news could be perceived as a threat to Fed independence, which typically puts pressure on the dollar. Technical indicators present a neutral picture; the RSI at 55 is neither overbought nor oversold, while the MACD is slightly below its signal line. In the short term, this political uncertainty could pull the dollar index lower, but the move is likely to be limited. The 50-day moving average at 98.50 should be watched as a key support level.

RSI 14
55.5
MACD
0.02
24h Δ
0.09%

📊 SPX — Piyasa Yorumu

▼ down · 60%

The news could be perceived as a threat to Fed independence and may create uncertainty in the markets. Technically, the SPX closed below its 20-day moving average (7151) and the RSI is neutral at 50. The MACD remains below the signal line, indicating short-term weakness. However, the price managed to hold above the 50-day average (7126), suggesting the downside may be limited. Overall, the negative sentiment from the news and weak technical indicators support a downward move in the short term.

RSI 14
50.8
MACD
3.75
24h Δ
0.42%

📊 NDX — Piyasa Yorumu

▼ down · 60%

The news could be perceived as a threat to Fed independence, potentially creating uncertainty in the markets. NDX is trading below its 20-day moving average, and the RSI is below 50, indicating short-term weakness. The MACD remains below the signal line, showing negative momentum. Therefore, a downward move in the short term is highly likely.

RSI 14
49.8
MACD
32.62
24h Δ
0.89%
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