#PowellRemarks ATTENTION🚨
💥Powell has finished testifying. He did NOT say what investors and Trump wanted to hear
⚠️The BATTLE between Trump and Powell continues. Here is EVERYTHING you need to know:
Why does the BATTLE between Trump and Powell continue⁉️
🗣Trump 20 minutes ago: The President of the Federal Reserve, Powell, always arrives "late" to cut rates, "cut interest rates, Jerome, and stop playing politics!"
🗣Powell in the statements: "It seems we do not need to rush" regarding interest rate cuts. It is too early" to determine the appropriate monetary policy trajectory."
👉Trump is imposing TARIFFS, dragging down the ECONOMY and STOCKS to push the Fed to CUT the interest rate. DANGEROUS if he fails
What does the market think⁉️
▪️Interest rate futures now see FOUR CONSECUTIVE CUTS (June, July, September, and October)
▪️The chances of a CUT in May have SOARED from 21% yesterday to a current 46%
▪️Despite investors anticipating more rate cuts, Powell says he is willing to wait.
What else did Powell say⁉️
▪️"Tariffs are higher than expected and risk causing greater inflation and slower growth"
▪️"The Fed is well-positioned to "wait for greater clarity"
▪️"Tariffs could have a persistent impact on inflation"
▪️"It must be ensured that price increases do not lead to ongoing inflation."
📍Trump wants a lower interest rate so that refinancing the $9T of debt maturing this year is less costly
📍It also serves to WEAKEN the DOLLAR and achieve his goal of being more competitive globally
📍Powell's view does NOT align with Trump's requests, POSSIBLY due to POLITICAL reasons
Is Trump right to pressure the Fed and Powell in this way⁉️
$BTC
