DislikedFed has to cut rates soon... this is all a shit show they are performing maybe we cut, maybe not maybe later, maybe we hike... it's all bullshit, economy is going down and they'll start cutting in June it seems like every other CB. They have to keep inflating this bubble, so it doesn't burst before presidential selection. As you say folks, after selections are over, then the economy might as well crash as far as the Fed is concerned. You're well familiar with the agenda and what's been playing out. Intentionally inflate the bubble like madman's...Ignored
It's more appropriate to look at power structures and the history of FED. FED has shareholders in which JPMorgan and Citigroup together controls 80% of the shares.
JPMorgan basically created the FED back in the day, so it made the rules and decisions from the start. John Pierpoint Morgan himself being the agent of a wealthy banking family from Europe.
The shareholders of FED used to be paid an annual divided of 6%, but this got changed to represent current interest rates. So they have an economic interest in keeping interest rates high. However there is always an break-even point in which the return from other assets become smaller than the return from the FED.
As of now JP Morgan is currently fearmongering that the soaring value of Bitcoin is a reason that the FED will wait with rate cuts, it can give some insight.
Powell is just the executioner, not the one giving order for a cut. A bit like the best of the best put in place to run over any politician or reporter asking questions.
I'd rather listen to the Vice-chair(although there is a new one..) of the FED or banks like JP Morgan and Citi.
FED and other central banks has really stepped up their role in the market since 2009, but remained largely dormant until some changes in 2016-2018.
The election should be seen more of as an 'Illusion of Power', that the politicians are suddenly concerned is obvious - they never were outspoken in previous years. They just passed bills that limit free speech, and leads to higher prices. The Trump firing Powell thingie has no effect, as he is not in charge.
As of the concern of CBDC, JP Morgan is heavily invested into it. And own shares in companies that launched CBDC-pilots across the world.
They are also very active in the new CBDC infrastructure system called "FedNow!", while many other banks opted out. So they have the single most money and interest in it, you can check out their webpage, search term: "JP morgan + CBDC". So i figure if congress can pass any bill.
Even if a bill is to be decided, going out with 50 million dollar suitcases to each member of congress is cheap compared to controlling all the money in the world.
They can for example auto-taxate people and charge people any fee they themselves decide to be necessary.
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