If it is applied correctly and this move can be explained towards the markets, Trump Crypto Coins can raise. Although Trump raises the economy with tariffs that remove immigrants from the country and keep employment at a maximum level, he dreams of gaining significant gains with the sacrifices of trade partners. This is not the only goal, another goal is to change the Fed president.
The Fed President may change
Trump extremely determined and in today’s statements Powell’s He said there was political pressure on it. According to people who have information on the subject, President Trump has been thinking about expelling Powell for months. This does not mean that Trump dismissed Powell’s dismissal.
According to WSJ sources, the President’s private club in Florida Mar-A-Lago meets Trump, former Fed president Kevin Warsh’i thought of the current president, he said. Kevin Warsh, who was replaced by Powell, said that Powell should not be dismissed and his time should be expected to expire. Sources close to the president say that this issue has come up in March.
Trump said today;
“If I want to be dismissed, believe me, he will leave me very quickly.” – Trump
Although Trump speaks in this way, he will go to a high court of this move if he dismisses it. This means that the economy is getting more blows in complex and long process.
Crypto coins can rise
Although Trump does not dismiss Powell, his pressure can allow him to start interest rate cuts (if he really moves with political motives). During the trade war in 2019, Trump also targeted Powell. It does not reduce interest rates quickly and does not do what is necessary.
It’s hard to understand the Fed. If Powell avoids discounts for political reasons, as Trump claims, Trump Treasury Department He can search for ways of monetary expansion by hand or with different methods. Or searches for different options that will print for discounts on Powell.
In any case, Trump wants interest rates to fall, and it is called advanced methods, including threat to dismissing Powell to start without delay. Considering the Fed’s inflation comments in the 2021 period, it may be necessary not to take the hawk statements made very seriously when we think of their comments that they had moved delayed last year. In 2022, no one predicts that interest rates would increase so quickly, maybe today we see that interest rates have fallen at the speed that no one can imagine. As a matter of fact, the global trend returns to it while ECB et al. Therefore, we should closely monitor consumer expenditures and inflation data.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
