Just saw some explosive news—Trump is stirring things up again, this time directly targeting Fed Chairman Powell.
He recently stated that he plans to replace the current Fed chairman next year and publicly called for interest rate cuts, even bringing in the CEO of JPMorgan as a backer: "You see, even Wall Street big shots think this way."
To be honest, it is quite uncommon for a president to directly exert pressure on the central bank. In the past, policy games would often be somewhat covert, but now it's put directly on the table. What does this mean?
At the market level, the impact of this matter may not be small: the expectation of interest rate cuts may be speculated ahead of time, and once the expectation of liquidity easing ferments, those assets sensitive to interest rates - US stocks, gold, and cryptocurrencies - will definitely see increased volatility in the short term.
But the key question is: is this a common political pressure tactic used in election years, or is it a sign that monetary policy is really about to shift?
If the Fed is really forced to shift to easing ahead of schedule, where do you think the new round of "money" will flow first? Will it be the traditional financial markets, or will the crypto market receive the benefits first?
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BlockchainArchaeologist
· 9h ago
The interest rate cut is just around the corner.
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MEVHunter
· 9h ago
Preparing BTC in advance is the right answer.
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tx_or_didn't_happen
· 9h ago
Trump is causing a stir again.
View OriginalReply0
TokenSleuth
· 9h ago
The flood will surely rise the encryption boat.
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DefiOldTrickster
· 9h ago
Will there be another interest rate hike or a cut?
Just saw some explosive news—Trump is stirring things up again, this time directly targeting Fed Chairman Powell.
He recently stated that he plans to replace the current Fed chairman next year and publicly called for interest rate cuts, even bringing in the CEO of JPMorgan as a backer: "You see, even Wall Street big shots think this way."
To be honest, it is quite uncommon for a president to directly exert pressure on the central bank. In the past, policy games would often be somewhat covert, but now it's put directly on the table. What does this mean?
At the market level, the impact of this matter may not be small: the expectation of interest rate cuts may be speculated ahead of time, and once the expectation of liquidity easing ferments, those assets sensitive to interest rates - US stocks, gold, and cryptocurrencies - will definitely see increased volatility in the short term.
But the key question is: is this a common political pressure tactic used in election years, or is it a sign that monetary policy is really about to shift?
If the Fed is really forced to shift to easing ahead of schedule, where do you think the new round of "money" will flow first? Will it be the traditional financial markets, or will the crypto market receive the benefits first?