The "drama" between Trump and Powell hides a great economic conspiracy in the United States!
It feels like Trump and Powell are performing a duet, with one shouting about a strong economy and the other calling for interest rate cuts, while secretly they are playing a grand game. Trump keeps making his presence felt, praising the stock market when it rises, while Powell's slow actions infuriate him, yet the two actually support each other.
After the pandemic, the global economy is severely wounded. The United States relies on interest rate hikes and creating international conflicts to shift the blame for its economic recession onto others, while the status of the dollar remains as stable as ever. In contrast, China has stubbornly endured deflation without following suit with interest rate hikes, thereby avoiding a financial collapse.
During Trump's first term, he appointed Powell, but later wanted to remove him. He talks tough but is actually scared inside. Who decides the independence of the Federal Reserve? Now he has started to sing along with the idea of interest rate cuts, appearing to quarrel on the surface, while secretly laying out plans for his own interests. Trump's identity as a "crypto king" and his skyrocketing assets also indicate he has his own calculations.
What will be the next step in this grand performance? In July, the European tariffs were postponed for 90 days. Will there be an interest rate cut in June or not? If not, a market crash seems inevitable. In short, this game among the U.S. political and business circles is a spectacle for us, but we need to keep our eyes wide open.
It feels like Trump and Powell are performing a duet, with one shouting about a strong economy and the other calling for interest rate cuts, while secretly they are playing a grand game. Trump keeps making his presence felt, praising the stock market when it rises, while Powell's slow actions infuriate him, yet the two actually support each other.
After the pandemic, the global economy is severely wounded. The United States relies on interest rate hikes and creating international conflicts to shift the blame for its economic recession onto others, while the status of the dollar remains as stable as ever. In contrast, China has stubbornly endured deflation without following suit with interest rate hikes, thereby avoiding a financial collapse.
During Trump's first term, he appointed Powell, but later wanted to remove him. He talks tough but is actually scared inside. Who decides the independence of the Federal Reserve? Now he has started to sing along with the idea of interest rate cuts, appearing to quarrel on the surface, while secretly laying out plans for his own interests. Trump's identity as a "crypto king" and his skyrocketing assets also indicate he has his own calculations.
What will be the next step in this grand performance? In July, the European tariffs were postponed for 90 days. Will there be an interest rate cut in June or not? If not, a market crash seems inevitable. In short, this game among the U.S. political and business circles is a spectacle for us, but we need to keep our eyes wide open.
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