The Fed is talking today, and in my opinion, the US government is slowly dismantling the fed behind the scenes. I am sure the Fed is fighting it, as it tries to save the US Dollar from crushing collapse with the US president "on a whim" running the world economy on the USD policy changes via a tweet.
For today, Powell may try to placate Trump and cut rates, sending the markets soaring to new highs. We will see if Powell caves.
Powell is right, inflation is a major concern and cutting rates won't help it. However, keeping rates simply keeps asset rates down, and doesn't affect real inflation. Why? Because Americans are broke.
When they start to cut rates, the 1% will get richer, and everyone else not so much. If Powell doesn't Trump will once he dissolves the Fed and takes total control over Fed, Congress, States, Military, police, and the courts. Americans want a dictatorship and they will get it.
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