Heads up for (b/s) 'rumours' doing the rounds of Powell to resign Monday

I'm going to call b/s on this, but just as a heads up to some garbage floating around the place:

• Jerome Powell will resign on Monday
• Trump plans on lowering interest rates

Like I said, garbage, and b/s.

But, there it is.

The background to this baloney is:

• no evidence was provided to support the rumour
• Powell has said he will serve out his term until it ends in May 2026
• Trump seems unable to fire Powell given recent court rulings
• Recent comments from Fed officials are the Bank is firmly on hold for the next meeting, or perhaps further

This article was written by Eamonn Sheridan at www.forexlive.com.