Jerome Powell just dared to refuse a rate cut—leaving Trump no workaround to get what he wants. That leaves Trump with two choices: replace Powell or order Secretary of US Treasury Scott Bessent, to implement new financial innovation to project rate cuts. Either way won’t spark growth—global markets set U.S. borrowing costs, not Washington. Undermining Fed independence would erode confidence, spike yields, weaken the dollar, and likely trigger the deepest bear market since 1929. The real lever isn’t finance games—it’s providing true competitive value that the world wants.
I am still holding to sideways to a little up through April 28th.
I do recommend watching the video and reading post: "American Assets Declining Ahead".
Update: Analysis from former Fed Reserve employee, https://youtu.be/9NAVHjvN9HQ?si=6ChAqq69aypbiKBs
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