Trump to Replace Powell? A Storm at the Federal Reserve is Coming, and the Market Turmoil is Just the Beginning!
A storm intertwining politics and finance is brewing! Trump has declared: "I will soon announce the new Federal Reserve Chairman!" This is no joke—he aims to replace Powell, who is still in office, breaking tradition and personally reshaping the core of American monetary power.
Why the sudden move? The answer is simple: Trump has long been intolerant of Powell's interest rate hike policy, believing it "stifles the economy" and hinders recovery. This time, he intends to "save the market" in his own way—the rumored successor is likely Judy Shelton, who has previously supported the gold standard and criticized central banks. That's right, that Federal Reserve skeptic might take the wheel on interest rates!
Wall Street is already extremely anxious. Who will take over, how will policies change, and where will the market go? A personnel change could trigger a comprehensive fluctuation in the dollar, gold, stock market, and Bitcoin. Don't forget, all of this is happening just before the 2024 election campaign begins—this is a gamble, and it’s also a declaration of war!
From now on, the fate of the American economy may no longer be determined by the market, but by Trump's own arrangements!
