Trump Considers the Independence of the Federal Reserve!!
Trump is considering adjustments to the Federal Reserve members appointed by Biden, particularly regarding the Vice Chair for Supervision, Michael Barr.
Barr is known for his strict banking regulation policies and has sought legal advice in case the new administration attempts to dismiss him.
Although Trump stated during the campaign that he would not directly fire the current Chair Powell, he remains open to changes regarding other Federal Reserve members.
Position on Cryptocurrency
Powell reiterated in a recent meeting that the Federal Reserve does not intend to include Bitcoin on its balance sheet, which sharply contrasts with Trump's desire to make Bitcoin a part of the United States' strategic reserves.
Trump has expressed a wish for the U.S. to become a leader in global cryptocurrency, a stance that has sparked intense discussions in the financial sector.
Powell emphasized that any changes would require congressional approval rather than being decided solely by the Federal Reserve.
Interest Rate Policy and Economic Impact
Recently, the Federal Reserve lowered the benchmark interest rate by 0.25 percentage points, reflecting a cautious attitude towards the current economic environment.
Powell pointed out that future policy adjustments will be assessed based on economic data, and the Trump administration's policies may impact this process.
Powell stressed that the independence of the Federal Reserve will not be influenced by political factors.
Trump's assessment of the Federal Reserve and potential changes reflect his deep concern for financial policy and cryptocurrency regulation.
As the new administration prepares to take office, significant changes may be on the horizon for U.S. monetary policy and financial regulation in the coming months, and how these changes will affect the market and economy remains to be seen.
