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The wave of attacks on Fed governors that began yesterday did not seem to cause much panic in the market, and it was nothing more than a cliché such as affecting the independence of the Fed, but after the Powell renovation incident, the market may have been numb, after all, Cook's influence cannot be greater than Powell's.
As a veteran real estate developer, Trump seems to be very willing to start with the house and decoration he is best at, probably because he really "understands the king" in this field, and he can find an insider to know the way. For example, when he visited the Fed's renovation site, he pointed out that there was no need to use wooden wainscoting and dig basements, and these non-essential expenditures greatly increased the budget.
From Kugler's sudden resignation some time ago to this sudden attack on Cook, it is clear that the Trump Organization is also making preparations.
Namely:
If Powell is decent, give him decentness.
If Powell is not decent, he will replace the majority of the voters with his own and then help him be decent.
In other words, cutting interest rates and releasing water is an imperative thing for the Trump administration, and there is no room for hesitation and mistakes. Then we can fully expect a larger wave of general gains before next year's midterm elections.


19 tuntia sitten
Jay Powell is under siege on multiple fronts:
•political pressure with a whiff of institutional overhaul that goes beyond changing the chair
•an economy flirting with stagflation-lite or a slowdown
•a committee splintering over managing the tradeoffs
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