What if Trump fires Powell? | Global inflation signals and the policy outlook

Group Chief Economist Neil Shearing sifts through a deluge of DM inflation data to highlight where tariff effects are coming through, where price pressures look too hot and which central banks are best positioned to press on with policy easing. He also talks to David Wilder about what China’s manufacturing overdrive is doing to the global inflation picture.Also on the show, how serious is Donald Trump about forcing out Jerome Powell? Deputy Chief North America Economist Stephen Brown talks about the market response to the latest attacks on the Fed chief, why forcing him out could prove counterproductive for a president wanting cheaper borrowing costs, and what to watch as the White House steps up the pressure. Events and analysis referenced in this episode:ECB Watch: A pause, or an end, to the easing cycleGlobal Drop-In: Fed, ECB and Bank of England – Unpacking the latest rate movesDrop-In: Could South Africa be about to see a big bond rally?Read: What happens if Trump fires Powell?