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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“RT @realDonaldTrump Fed has not yet complied with subpoenas as Powell probe continues: Source:”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Trump’s post highlighting noncompliance with subpoenas in a Powell-related probe could heighten regulatory and political risk perceptions around the Federal Reserve, pressuring sentiment toward interest-rate-sensitive financials. Large banks like Bank of America (BAC), JPMorgan Chase (JPM), and Goldman Sachs (GS) may see increased volatility as investors reassess policy stability, legal overhang risk, and potential shifts in the rate and regulatory outlook. Broader financial sector ETFs—XLF, KRE, and VFH—could experience sector-wide declines or choppy trading as investors de-risk from financials amid uncertainty about Fed governance and future monetary policy actions.
Here are some of the stocks that might be affected:
Bank of America ((BAC)),
JPMorgan Chase & Co. ((JPM)),
Goldman Sachs Group ((GS)),
Financial Select Sector SPDR Fund ((XLF)),
SPDR S&P Regional Banking ETF ((KRE)),
Vanguard Financials ETF ((VFH)).