"This Federal Reserve is still living in the past!" U.S. Treasury Secretary Basant suddenly fired at Powell, a harsh remark igniting the global financial market—only 48 hours after Powell just announced a 25 basis point rate cut, this president's confidant couldn't wait to reveal the "knife change" plan!
This epic power struggle hides three major killing moves:
1️⃣ "Model failure" blow: Basant directly criticized the Federal Reserve's predictive model as "old and outdated", inflation predictions repeatedly failed, and even accused it of overstepping its bounds in financial regulation, leading to the paralysis of its core function to control inflation.
2️⃣ Lightning leadership change action: According to convention, the president should nominate 3 months in advance, but now the "preliminary selection" started 7 months early! In early December, the second round of interviews will lock in 5 god-level candidates, including Wall Street mogul Rick Rieder and other "reformists", aiming directly at "completely transforming the Federal Reserve".
3️⃣ Life and death decided before Christmas: Trump is reported to request a decision on his successor before Christmas, clearly wanting to force a change before Powell's term ends in 2026!
• Powell just signaled a dovish rate cut, and Bessen immediately undermined it by stating that "a rate cut in December is not certain"—a remark that is "living in history", sharp in praise but hidden in criticism.
• The director of the White House National Economic Council and other political veterans are competing alongside Wall Street elites, with a covert battle escalating between reformists and conservatives.
• The market is buzzing about looking for a "shadow chairman" to gradually usurp Powell's power, "hawkish rate hikes lead to a dead end, could compromising on rate cuts be a lifesaver?"
Now the pressure is on Powell: If he continues to insist on independence, he may become the biggest stumbling block on the White House's "accelerated rate cut" path; if he shifts to cooperate, he might betray the credibility of the Federal Reserve. More deadly is that—Trump has publicly stated that "Powell should not be chairman at all"!
This Federal Reserve version of "Game of Thrones" has entered a fever pitch: Is Powell's counterattack going to preserve the century-old dignity of the central bank? Or will the White House successfully install "their person" to initiate a wave of interest rate cuts? Comment section betting—do you think Master Powell can last until a safe retirement in 2026?$BTC $ETH $BNB #巨鲸动向 #美联储降息
