Jerome Powell, head of the US Federal Reserve, has said the criminal investigation into him is a pretext. “The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the president.” Trump has repeatedly attacked Powell, calling him a “stubborn mule” and a “numbskull” for declining to cut borrowing costs more aggressively and has repeatedly said he would “love” to fire him.
Powell said: “Public service sometimes requires standing firm in the face of threats,” he said. “I will continue to do the job the Senate confirmed me to do.”
Powell born 4 February 1953, is a steady Sun Mercury in Aquarius opposition Pluto. He has a yod onto a focal point Mars in Pisces inconjunct Saturn Neptune sextile Pluto – with his Mars sitting on the cusp of Trump’s financial 8th house – which makes sense as Powell’s assertiveness hits Trump at a deep level psychologically by disagreeing with him and in the pocket book. Powell’s Jupiter in Taurus is square Trump’s hidden 12th house Pluto for another tussle for the upper hand and last word. With Powell’s Sun North Node also opposition Trump’s Pluto. So he will trigger all of Trump’s vengeful rage and tendency towards underhand tactics.
Powell’s 2nd Term chart, 23 May 2022 has a panicky Solar Arc Neptune conjunct the Term Mars now as well as an ebullient SA Mars conjunct the Term Jupiter – with tr Uranus moving to square the Gemini Sun as his term comes to an end in May – though evidently he could stay on to 2028 if he wanted.
The relationship chart between the US Federal Reserve and Trump is showing signs of alarm from late June with tr Uranus square the composite Neptune.
The US Federal Reserve chart itself, 16 November 1914 9 am, is under worrisome influences this year with tr Neptune in a highly uncertain square to the Saturn Pluto in Cancer until January 2027. With jolt, jangles and shocks from mid June 2026 into 2027 with tr Uranus in a high-insecurity opposition to the composite Mars – when it registers on the Trump/Fed Res relationship as well.
A financial analyst said: “Markets will start to price in greater inflation expectations, inflation risk premium, and term premium if the Fed’s independence comes under further attack. We don’t appear to have hit it yet, but every action is another step closer to it.”
If nothing else reins Trump in, the markets will.
The post Jerome Powell – refusing to bow the knee first appeared on Astroinform with Marjorie Orr – Star4cast.
