Why does the Federal Reserve have to wait until after June to cut interest rates? There's a deep reason behind it. If they cut rates now, and there's a default on U.S. debt by June, the Federal Reserve will have no options left. For now, maintaining high interest rates keeps the dollar strong, which makes U.S. bonds easier to sell. If the dollar depreciates and bond yields rise, new U.S. debt won't be able to be issued at all, making the trick of borrowing new to pay off old debt impossible, and a default by June would be a foregone conclusion.
If U.S. debt defaults, the dollar's dominant status will be completely undermined, and American hegemony will collapse along with it. In my view, the Federal Reserve is walking a tightrope, carefully maintaining the situation. However, this hegemony built on debt is already precarious. Do you think the Federal Reserve's calculations are sound? Come and discuss it together.