I personally feel that Trump and Powell are performing a two-person show, playing a big game of chess, and Musk's departure indicates something.
Recently, Trump's statements never stray from the themes of a strong economy, soaring stock prices, and urging Powell to lower interest rates.
Having actually experienced the pandemic aftermath, the global economy has been severely impacted, countries are regaining vitality, while the hawkish approach during Biden's era, with dollar interest rate hikes and inciting wars among multiple nations, has shifted the crisis of economic recession onto the whole world, further solidifying the dollar's position. This is what capital wants to see because, in such an environment, they can short other countries' economies and penetrate them more severely. However, the East has not allowed the RMB to follow the dollar's interest rate hikes, maintaining deflation to resist the Americans and preventing a financial crisis.
When Trump took office, he continued the tariff policies from his first term, but the East learned from the previous lesson and prepared adequately. Powell was nominated during Trump's first term. If he can sit in the chair of the Federal Reserve Chairman, Trump deserves some credit. However, Trump's failure to be re-elected is somewhat related to Powell's slower pace. Trump attributed part of his failure to Powell's inaction.
Thus, in his second term, he declared he would make Powell resign. It is well known that the Federal Reserve is independent and not subject to government control, and the president does not have the power to remove the Federal Reserve Chairman. So, from initially wanting Powell to resign to now acknowledging his capabilities, but currently expressing a desire for interest rate cuts, it seems like a discordant relationship, but it feels like a performance.
During Biden's era, there were not frequent mentions of the economy, stock market, or commentary on the Federal Reserve's actions, while Trump frequently made statements. To put it bluntly, in this term, he wants to benefit his own family. From pushing coins in the primary market to back-and-forth operations on tariffs, as well as changes in attitude towards the Federal Reserve, hasn't the whole BQ and the US stock market experienced significant fluctuations? Before taking office, he attended a cryptocurrency market meeting, supporting the cryptocurrency market, but the market crashed upon his taking office. According to some news, Trump had 3 billion in assets before taking office, now 30 billion, just from the Trump coin alone he earned 10 billion US dollars.
So, it can be said: it feels like these two are playing a big game of chess, and coupled with the delay of the European tariff expiration by 90 days on July 8, will there be a catastrophic situation if there are no interest rate cuts in June, leading to a crash? (Continue in the comments) #美联储何时降息？
Recently, Trump's statements never stray from the themes of a strong economy, soaring stock prices, and urging Powell to lower interest rates.
Having actually experienced the pandemic aftermath, the global economy has been severely impacted, countries are regaining vitality, while the hawkish approach during Biden's era, with dollar interest rate hikes and inciting wars among multiple nations, has shifted the crisis of economic recession onto the whole world, further solidifying the dollar's position. This is what capital wants to see because, in such an environment, they can short other countries' economies and penetrate them more severely. However, the East has not allowed the RMB to follow the dollar's interest rate hikes, maintaining deflation to resist the Americans and preventing a financial crisis.
When Trump took office, he continued the tariff policies from his first term, but the East learned from the previous lesson and prepared adequately. Powell was nominated during Trump's first term. If he can sit in the chair of the Federal Reserve Chairman, Trump deserves some credit. However, Trump's failure to be re-elected is somewhat related to Powell's slower pace. Trump attributed part of his failure to Powell's inaction.
Thus, in his second term, he declared he would make Powell resign. It is well known that the Federal Reserve is independent and not subject to government control, and the president does not have the power to remove the Federal Reserve Chairman. So, from initially wanting Powell to resign to now acknowledging his capabilities, but currently expressing a desire for interest rate cuts, it seems like a discordant relationship, but it feels like a performance.
During Biden's era, there were not frequent mentions of the economy, stock market, or commentary on the Federal Reserve's actions, while Trump frequently made statements. To put it bluntly, in this term, he wants to benefit his own family. From pushing coins in the primary market to back-and-forth operations on tariffs, as well as changes in attitude towards the Federal Reserve, hasn't the whole BQ and the US stock market experienced significant fluctuations? Before taking office, he attended a cryptocurrency market meeting, supporting the cryptocurrency market, but the market crashed upon his taking office. According to some news, Trump had 3 billion in assets before taking office, now 30 billion, just from the Trump coin alone he earned 10 billion US dollars.
So, it can be said: it feels like these two are playing a big game of chess, and coupled with the delay of the European tariff expiration by 90 days on July 8, will there be a catastrophic situation if there are no interest rate cuts in June, leading to a crash? (Continue in the comments) #美联储何时降息？
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