Quote from: Abiky on June 20, 2025, 06:56:14 PM

Quote from: takuma sato on June 19, 2025, 08:50:06 PM

Another FOMC meeting where Powell did the same routine, he claimed that they are looking at the data and that it is still too inconclusive to lower rates due tariff fears, but he doesn't seem to understand that there will always be some excuse to not lower rates. Im still not fully buying the conspiracy theory of this being a controlled demolition where they delay as much as possible to make the panic cuts into a recession so they are forced to do it and have an excuse, but then again they will not look good since they will be blamed for it. So either way I think are screwed unless they hit a homerun in other words a soft landing.

Powell may be too slow, like Trump said. Luckily for the US, the FED chairman's term is coming to an end. By May 2026, Trump would've already nominated a new chairman. There are rumors it's going to be Treasury Secretary Scott Bessent. If confirmed by Congress, he would most probably do as Trump says by cutting rates like crazy. However, such a move would politicize the FED, undermining confidence among investors. The USD will lose dominance, paving the way for other currencies to take over the world.

At the time of this writing, the EUR stands strong while the USD continues to plummet. It's very likely the EUR will lead the way as the world's next reserve currency. Don't you think? Cheesy

I am not sure about the "luckily for the US" part.
Trump wants to fire Powell and replace him with whom?
I am not a fan of Jay Powell, but I am pretty sure that whoever comes after him will be a net worse Fed Governor.
Markets have started reacting to these speculations, with the Dollar Index (DXY) tanking: another tailwind for bitcoin.