MarketsChanticleerPrint articleChanticleerTrump’s ‘numbskull’ Powell threat brings trifecta of risks into focusTrump’s new suggestion he could sack Jerome Powell is probably hot air, but it’s a reminder of the three TACO trades investors are betting on.Jun 21, 2025 – 10.54amSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginGlobal markets are putting a hell of a lot of faith in the TACO (Trump always chickens out) trade. Their faith might be about to be tested.Wall Street ended Friday night’s session marginally down, having essentially treaded water for a week as the world waits to see where the conflict in Iran goes next.Loading...James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.comSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreChanticleerOpinionInterest ratesSharemarketTrade warsTrump's White HouseJerome PowellLatest In Equity marketsFetching latest articlesMost Viewed In ChanticleerThe Australian Financial Review MagazineWhat lurks beneath the stand-off over Sydney’s $750m new fish marketPrimrose RiordanWhy these Australian wines are at risk of extinctionHow much to tip? And other restaurant conundrums to chew onBOSS Financial ReviewHow this CEO wrote a report while cooking noodles55 mins agoHannah TattersallHow execs slay the horror ‘sandwich’ of work, kids and ageing parentsHow these brothers turned a side hustle into $100mLife & LeisureArchitects are turning to the past to design the buildings of the futureRobert BevanIs this going to revolutionise the Friday night takeaway?Level up with a gold-accented ceramic watch and boho Hermès wedgesRich ListMike Cannon-Brookes loses two executives from private office GrokPrimrose RiordanShuffle follows Stake into the gutterToorak Rich Listers caught up in mansion fire
