$BTC The Fed meeting today is the most important of the year! 🤪 We will see how deep the contradictions are between Trump's understanding and REALITY. Large players will flee the market if Powell leaves rates, this will highlight the crisis both in the economy and in relations with Trump, who can fire him.
What is the difference between the approach of Trump and the Fed?
Trump assesses the situation taking into account his future decisions, he has 4 years ahead.
And Powell, appointed in 2018 by Trump, assesses the real data of the economy from past actions.
And yet, Trump got a recessionary economy, and he needs GDP growth. In Trump's understanding, this state is the work of the Fed itself and the Democrats. But he is happy with the bubble, because:
1. To deflate the bubble - to cause a sharp short crisis - a reason to change the head and emphasize the negative influence of the left. Trump's company hasn't come for one term ;)
And if inflation can decrease while markets grow, that's super 👍
2. He plans to solve problems like in the 1940s - at the expense of others.
Let me remind you that Germany, Great Britain, China, etc. are already in recession, China is responsible for the coronavirus, which ruined Trump's first term and led to inflation.
And how to reduce inflation when the market is growing???