Why do I feel like Trump and Powell are like performing a duet, holding back some big moves behind the scenes? Since Trump took office, he has frequently talked about how strong the economy is and how booming the stock market is, constantly urging Powell to lower interest rates, which feels a bit like 'there's no silver here'.

The global economy has been severely impacted after the pandemic. During Biden's time, he relied on raising the dollar's interest rates and provoking conflicts, shifting the crisis onto the whole world, while capitalists took the opportunity to short other countries, further stabilizing the dollar's position. China did not follow suit with interest rate hikes, instead, it withstood deflation and blocked the financial crisis.

Now, Trump has revived the old tactic of tariffs, but China has long been prepared, and the effect is not as obvious as last time. Powell, who was promoted by Trump, is the Chairman of the Federal Reserve, but during Trump's first term, he did not get re-elected, and he somewhat blames Powell for being slow to respond. In this second term, he first shouted about firing Powell, but later changed his tune to say he supports him, while still indirectly pressuring for interest rate cuts.

What power does the president have to remove the Chairman of the Federal Reserve? Isn't this just a performance for the market? During Biden's time, he didn’t comment on the economy, stock market, and the Federal Reserve so frequently like Trump does. It feels like Trump is determined to benefit his family this time. From promoting Trump coins in the primary market, to the back-and-forth on tariff policies, and then the fluctuating attitude towards the Federal Reserve, the cryptocurrency and U.S. stock markets are like a roller coaster because of him!

Before taking office, he participated in a cryptocurrency conference to support digital currency, but after taking office, the market plummeted. I heard his assets skyrocketed from 3 billion to 30 billion, earning 10 billion just from Trump coins, isn't that operation too exaggerated?

Even more bizarre, Musk suddenly left, as if he sensed something. Also, the 90-day extension on tariffs against Europe expires on July 8, and if the Federal Reserve doesn’t lower interest rates in June, will there be a market crash?

#BTC #ETH #interest rate cut