Quote from: coyhasmon on August 15, 2025, 06:48:53 PM

Quote from: fillippone on August 15, 2025, 05:37:12 PM

Quote from: Die_empty on August 15, 2025, 04:15:21 PM

Two Fed’s board members, Christopher Waller and Michelle Bowman voted against keeping the interest rate steady in the last meeting. Which shows that they are on Trump's side. With the unexpected resignation of a member Adriana Kugler, Trump will appoint his loyalist thereby controlling almost half of Fed’s board membership. With one more member on his side, he would assume full control of an important board that is established to be independent.

Having the board of the Central Bank, an institution deemed to be independent, targeting its own mandate, without intrusion from fiscal authorities, is of paramount importance when looking at the long-term sustainability of the US economy, through the sustainability of its debt.
If Trump sabotages this, it will be very difficult to revert and offset the negative effect.
Bad for the USD, good for bitcoin.

There is not a single thing or institution that is independent anymore, everything is political and biased. Wake up, you are living in a fantasy that does not exist anymore for decades.

I know, Trump is the last episode of this. I also remember when Powell cut rates 50 basis points last September, just to boost the economy before the election in November.
This doesn't affect the fact that an independent FED is by far the most important aspect for the Dollar in the future.
Otherwise, welcome to Zimbabwe.