Markets continue to decline...
In my eyes, China is truly impressive! They are real jade pillars, not willing to bend under Trump and reacting strongly to tariffs, imposing an additional 34% tariff on all products from the U.S. starting April 10th š²
I think Trump must be furious right now! This is clearly evident from his address to Powell.
"Cut the rates and stop playing politics!"
Right now would be the PERFECT time for the head of the Federal Reserve, Jerome Powell, to lower interest rates. He is always "late," but now he could change his image and do it quickly. Energy prices have dropped, interest rates are falling, inflation is decreasing, even eggs have become 69% cheaper, and employment is risingāall within two months.
š But Powell isnāt going to dance to Trump's tune:
The Fed DOESNāT NEED TO RUSH. Itās still too early to draw conclusions about the future direction of monetary policy. The impact of trade tariffs has been higher than expected and will likely lead to short-term inflation growth.#CryptoTariffDrop
At the same time, the main task of the Fed is to prevent the temporary rise in prices from turning into persistent inflation.#NextCryptoETFs?
Despite ongoing uncertainty and increased risks both in terms of inflation and unemployment, the economy is showing steady growth, the labor market is balanced, and inflation is gradually approaching the target level of 2%.#PowellRemarks
The Fed is closely monitoring the divergence between hard and soft data and is considering the increased uncertainty caused by the new trade policy.#DiversifyYourAssets
It looks like we are in for a direct conflict of interests between politics and the financial sector! š¤
