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The Department of Justice (DOJ) opened a criminal investigation into Federal Reserve Chair Jerome Powell. President Trump has been vocal in his criticism of Powell and of his belief that the Fed should be lowering interest rates more aggressively.
In the face-off between Powell and Trump, meme stock traders are siding with Powell.
Lossdog founder and CEO Tom Sosnoff, who is also the founder and former CEO of tastytrade, joins Opening Bid host Brian Sozzi to explain why retail traders are aligning with Powell.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here:
#youtube #stocks #meme #memstocks #fedchair
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