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LEIBOVIT VR NEWSLETTERS – MONDAY – APRIL 21, 2025 – WILL PRE-HOLIDAY INDIGESTION REVERSE OR WILL IT WAIT FOR MAY?

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https://www.howestreet.com/2025/04/gold-may-be-over-bought-for-now-mark-leibovit/

 


President Donald Trump on Thursday again made clear his disdain for Federal Reserve Chair Jerome Powell, going so far as to say the central banker’s “termination can’t come fast enough” and saying in an Oval Office event that Powell will “be out of there real fast” if the president wants to replace him.

While many experts say the president does not in fact have the power to fire the Fed chief for policy differences, Trump has made clear he’s willing to break with norms and precedent, even in the face of potentially monumental repercussions.

The U.S. has reportedly proposed a new peace deal to end the Russia-Ukraine war, suggesting Ukraine drop its NATO bid in exchange for a ceasefire. Shared with allies in Paris, the deal would freeze the conflict with Russia retaining occupied territories. Secretary of State Marco Rubio stressed the war has no military solution and warned the U.S. may step back if progress stalls. Ukraine insists Russia must halt strikes first. VP JD Vance remained hopeful after talks in Rome, while European leaders welcomed efforts but rejected recognizing Russian-occupied areas.

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