Urgent Notice!! Trump has 'fired' at the Federal Reserve! Is the next bullet aimed at BTC? Are you buying the dip or running away tonight!
"When political power reaches out hard towards the independence of the central bank, the market's wallet always trembles first."
Trump has been stirring things up again, directly threatening Federal Reserve board member Cook: "Either you resign or I will fire you!"
The reason is that a housing official accused Cook of mortgage fraud years ago (to put it bluntly, he was suspected of falsifying information to gain advantages when applying for loans).
Cook is also quite tough, directly retorting: "Want to use threats to force me out? No way!"
In my opinion, Trump's move appears to be 'anti-corruption', but in reality, he is negotiating the discourse power of interest rates with the Federal Reserve.
For the past few months, he has been criticizing the Federal Reserve for 'high interest rates dragging down the economy', and now he is leveraging this situation to pressure for personnel changes, essentially trying to place his own people to pave the way for future rate cuts.
To give an example familiar to the crypto world: At the end of Trump's administration in 2020, he also attempted to intervene in Federal Reserve policy, resulting in a panic buy of Bitcoin by the market (BTC rose 40% in a month at that time).
Although history does not simply repeat itself, the collision between political power and central bank independence often leads funds to flow towards decentralized assets for hedging.
"If the Federal Reserve board member really changes, do you think the next one will obediently lower interest rates or stand firm? #杰克逊霍尔会议
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