Powell is going to run away? Resignation in the fourth quarter is his only way out!
I strongly feel that Fed Chairman Powell will resign in the fourth quarter of this year.
Every time there is an important economic data, Trump attacks him endlessly, blaming him for not cutting interest rates.
Today Trump went even further and directly said that Powell is the "stupidest and most harmful person to the economy" in the government.
Judging from some key economic data, Powell should indeed cut interest rates.
Don't forget that before the election in September 2019, the Federal Reserve cut 50 basis points at once. The inflation and unemployment situation at that time was not much different from now.
I know that Trump's tariffs have caused some trouble and there is some uncertainty. But what about the Federal Reserve? For six whole months, the interest rate has not moved at all.
What's more annoying is that if you look at other countries, those major economies are all cutting interest rates!
So I think Powell has only two options: either he cuts interest rates a few times in the third quarter, or he can only resign because he is forced too hard by the Trump administration.
But for those of us who invest, no matter what the result is, it is good news in the end.
Do you think you are just following me? Click my avatar to follow me, and I will give you the buying and selling points directly, and you can enjoy the top strategies at any time. This is how the information gap is broken!
