Deutsche Bank: Firing Powell wont save much on debt costs

By: odaily.com|2025/07/24 05:30:51

Odaily News U.S. President Donald Trump last month cited the cost of the federal debt as a new reason to urge Powell to cut interest rates. But firing the Fed chairman and forcing him to lower rates will do little, a new analysis shows. Removing Powell would not change the Treasurys interest costs on its debt, Deutsche Banks chief U.S. economist Matthew Luzzetti and others wrote. Trump has repeatedly called for a 3 percentage point rate cut, saying it would save more than $1 trillion. But doing so would lower short-term Treasury yields but raise long-term yields, according to calculations by the Deutsche Bank team, due to concerns that a more compliant Fed would mean higher inflation. Specifically, if Trump fires Powell, the Treasury would save only $12 billion to $15 billion by 2027.

The combination of AI and crypto is still in its early stages, with both serving as complementary "middleware": AI translates human intentions into executable programs, while cryptographic technology provides verifiable and tamper-proof guarantees for computational processes and results. In the dire...

Deconstructing Anthropic: The Best AI Company, Possibly Also a Type of Organizational Invention

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Every exchange is a "Universal Exchange."

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Curve Deploys Llamalend v2 on Optimism With 250,000 OP Incentives

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Kalshi Executive Challenges “SBF Backed AI Unicorns” Narrative, Says Leopold Aschenbrenner Was Key Figure

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New York Proposes Stricter Stablecoin Issuer Rules Aligned With Federal GENIUS Act

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CryptoQuant Says Bitcoin Profitable Supply Is Near 45% Pressure Zone as On-Chain Data Points to Market Repricing

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Bitcoin Falls Below 200-Week Moving Average as On-Chain Data Shows Over Half of Supply in Loss

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CFTC Reportedly Plans New Prediction Market Rules Focused on Manipulation Risk and Public Interest Review

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Meet the new WEEX trial fund—your gateway to greater profits

Discover WEEX's new trial fund and trade with less risk. Use them to offset transaction fees, funding fees, and trading losses. Kickoff your trading journey with WEEX!

WEEX Labs Lands at Dutch Blockchain Week: A Disruptive Crypto × AI Conversation Sets Sail in Amsterdam

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SK Hynix Reportedly Plans U.S. ADR Listing as Early as August, With SEC Approval Possible in Late June

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Overview of Important Market Events on June 9th

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Latest research from 13 top universities including Cornell University: The current state, challenges, and misconceptions of the fusion of Crypto and AI