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.
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.
Well, yes. I was only talking sarcastically. Lucky for Trump. Not the US itself. With the FED turning into a politicized entity, the USD's dominance will begin decline all the way downhill in an instant. May 2026 will pave the way for "de-dollarization" at full speed. I guess now it's time for the EUR to shine? The eurozone currency is a lot stronger than the USD right now. Europe will be able to enjoy cheap imports in the long run. China already began exporting products to the EU in-mass, as a result of Trump's trade war.
Although recently, the US and China reached a deal, Trump's unpredicatability cannot be trusted. The EU is being considered as a trusted partner, due to its sound trade policies. It's no wonder why the ECB keeps cutting rates. I believe Europe's economy will boom like crazy. Where does that leave America? Alone, left behind in the dust. America First, right?
