Wall Street Script and Reality Show: The Federal Reserve's Crisis of Trust
As calls for interest rate cuts grow, Powell's remark of 'not yet' douses expectations; after risks spread, he deflects blame onto Trump's tariffs. This policy game with Trump reveals the deep contradictions in the financial decision-making system.
During Powell's leadership at the Federal Reserve, policy predictions have frequently gone awry: from 'transitory inflation' to a hasty reversal, from 'recession controlling inflation' to the fantasy of a 'soft landing', from refusing to cut interest rates to suddenly shifting course, and now denying the need for rate cuts. This constant flip-flopping leaves the market at a loss.
Behind this is the collapse of trust in the professional decision-making system. The Federal Reserve uses technical jargon to gloss over mistakes, disguises swings as 'flexibility', and what appears to be a professional policy narrative is, in fact, disconnected from economic reality.
Trump's criticisms hit the nail on the head: when policy devolves into a narrative game, and mistakes are packaged as 'dynamic adjustments', can the public still trust this seemingly rational institutional framework? This game exposes the failure of traditional financial decision-making paradigms in a complex economic environment. #币安Alpha上新 #币安钱包TGE #以色列伊朗冲突 $BTC