#TradingStrategyMistakes ▪️ U.S. Treasury Secretary Scott Bessen confirmed:
A rate cut is possible as early as September.
▪️ The process of finding a successor to Powell will start in the coming months.
The cherry on top — Trump signed the “Big Beautiful Bill”:
– Tax cuts
– Increase in the debt ceiling by $5 TRILLION
– Tariff stranglehold on Europe (up to 70% in certain categories starting August 1)
All of this could fuel a dovish monetary policy from the Fed — the market will catch the scent of cheap money.
This means that Powell will either leave or start printing along with everyone else.
In any case…