Trump and Musk were interviewed jointly, accusing the media of "stirring up discord"

According to a report by Fox News on the 14th local time, US President Trump and Musk, head of the "Government Efficiency Department", were interviewed by Fox News Channel. During the interview, Trump denied that there were any differences between him and Musk, and accused some media of trying to "stir up discord".

CNN mentioned in the report that this was a "rare" joint interview between the US President and someone other than the Vice President or the First Lady.

According to Fox News, some media and the Democratic Party have recently pointed the finger at Musk, saying that he "usurped power" through the "Government Efficiency Department" and labeled him "President Musk". The host said in the interview that these criticisms were intended to "separate" the two and make them "hate each other".

Regarding these claims, Trump said that he "sees this all the time" and "In fact, Elon (Musk) called me and said, 'They are trying to provoke us.' I said, 'Absolutely.'"

According to previous reports, after Trump took office as US President, he signed an executive order to form an advisory committee called the "Department of Government Efficiency" (DOGE) in order to initiate major reforms to the federal government. Recently, the "Department of Government Efficiency" has been criticized by many parties for obtaining information from multiple federal government departments.

On February 13, the attorneys general of 14 states in the United States filed a lawsuit, questioning whether Musk and his "Department of Government Efficiency" violated the US Constitution with their "almost unlimited power."

$BNX

Knowledge and action are one,
If you say bottom-fishing,
there will be no ambiguity!

Just do it!

#Bnx #BNBChainMeme热潮 #CZ的“西兰花”梗 #美国加征关税 #加密市场反弹

I will regret it later. I will not copy it for a week.

$BTC $ETH $PEPE

Where should the market go?

After the market peaked at 2:30 in the morning, most of the cottage fell by 50% of yesterday's gains.

At present, all fell to the important support level and fluctuated sideways. Will it return to the original path or start a rebound journey?

BTC fluctuated around 97500 by 1500 dollars,
ETH fluctuated around 2700 by 150 dollars.

In the absence of major positive and negative factors,
it is difficult to break through this box for the time being.

This is a once-in-a-lifetime opportunity for cottages.
Big cakes and second cakes are sideways and everything is flying!
Catchments that grasp hot spots and have consensus are good choices at the moment!

Attention!
Highs and falls are the norm!
It is not the time for pattern yet!

#om #WIF王者归来 #Bnx

$BNX

Ran away, ran away

Counter rebound!

#Bnx

$BNX $BAKE

Slept in,
took the elevator,
lost a lot!

😂😂😂😂😂

#Bnx #bake

Musk's "official hat" may be lost!

Attorneys general of 14 U.S. states filed a lawsuit against the Trump administration for "illegally granting" Elon Musk executive power

The attorneys general of 14 U.S. states announced on the 13th that they had filed a lawsuit against the Trump administration for "illegally granting" Elon Musk executive power.

The lawsuit was initiated in the Federal District Court for the District of Columbia. The plaintiffs include the attorneys general of Arizona, Michigan and Rhode Island, and the defendants include Musk, the Department of Government Efficiency and the Trump administration.

The lawsuit documents stated that U.S. President Trump established a new federal department without the approval of Congress and granted Musk broad powers over the entire federal government without the consent of the Senate, violating the appointment clause of the U.S. Constitution.

$DOGE #马斯克概念

$BAKE

Waking up from a deep sleep,
Taking off all at once!

This main force understands human feelings and the world too well,
Stealing towers during holidays!

When you are happy, he stirs up trouble!
This main force is also pitiful,
Unable to enjoy the holidays!

Let's have another bake.

#bake

$DOGE $PEPE $BOME

Big cake is sideways and 10,000 coins are rising.
The alt season is coming!

Most alts are already bottoming out,
Some of them are oversold,
and have already taken off in advance,
BNX, bake.

However,
We must prevent the last shot before the big rise!

#美国加征关税 #BNBChainMeme热潮 #BNB持续上涨 #山寨季何时到来？

Inflation Soars, Probability of Federal Reserve Rate Cut in March is Extremely Low

The U.S. Department of Labor released data on the 12th, showing that in January this year, the U.S. Consumer Price Index (CPI) rose by 0.5% month-on-month and 3% year-on-year. Excluding the more volatile food and energy prices, the core CPI increased by 0.4% month-on-month and 3.3% year-on-year, far exceeding the Federal Reserve's long-term target of 2%.

The January inflation data in the U.S. caught the market slightly off guard.

Surge in Core Inflation Reflects Excessive Total Demand

From the data, although the year-on-year CPI in the U.S. for January is 3%, which may not seem high, the month-on-month increase is as high as 0.5%. This is the largest month-on-month increase in nearly two years since August 2023. If this pace continues, the annualized inflation rate in the U.S. will remain at 5%-6%, which is undoubtedly a figure that far exceeds market expectations.

The International Monetary Fund predicts in January 2025 that the U.S. economic growth rate will reach 2.7%, while the GDP growth rate for the U.S. in 2024 has already reached 2.8%. The forecast of maintaining a high growth rate on such a high base also proves the excessive total demand in the U.S.

The Federal Reserve May Not Easily Cut Rates Before June

The inflation data released in January has sent a clearer signal; if the February data still shows rising prices, it indicates that the inflation pressure in the U.S. economy has strong resilience.

The January data may prompt the Federal Reserve to realize that the first phase of the rate-cutting cycle has already ended, and subsequent rate cuts may be gradually advanced in phases.

Judging by the current situation, the likelihood of the Federal Reserve cutting rates in the first half of this year remains low. The first pause in rate cuts is expected in January 2025. Based on the January inflation data, the possibility of the Federal Reserve cutting rates in March is extremely low. The Federal Reserve needs more time to observe subsequent inflation trends, and at least until after June this year, it will be able to determine whether to start the next phase of rate cuts. For the foreseeable future, it is likely to remain in a wait-and-see state, not easily cutting or impulsively raising rates.

After the release of the U.S. January CPI data, the U.S. dollar index soared, and the U.S. Treasury market also faced significant sell-offs.

A stronger dollar will put pressure on other global currencies, which may extend the time the U.S. market maintains high interest rates. The sustained high interest rates in the U.S. will not only impact the domestic financial market but will also affect global financial markets.

The relatively high interest rates in the U.S. have a certain attractiveness for global capital, which may prompt funds to flow into the U.S.

$BNX

The demon coin is like this,
tempting short positions, tempting short positions,
then suddenly it soars!

#Bnx

$BAKE

Getting up is a bit slow,
Don't worry,
Good things are not afraid of being late!

#bake

$BAKE

Hahaha!

The order has been filled,
so satisfying!

Cherish the good position,
I'm worried you might run away in the middle of the night.

#bake

$BNX

The callback is almost done,
continue to be bullish,
there's still a bit of distance to the target!

#Bnx

"Federal Reserve Mouthpiece": The Federal Reserve Will Decisively Decide When and Whether to Cut Interest Rates

Powell Continues to "Play Tai Chi": Maintain Interest Rates If Inflation Does Not Improve; Cut Rates If the Economy Further Slows.

Federal Reserve Chairman Powell began a two-day testimony before Congress on Tuesday, conveying a simple message: Due to the favorable economic situation, the Federal Reserve can comfortably decide when and whether to cut interest rates.

In the last three meetings of 2024, the Federal Reserve cut rates by a full percentage point, having previously maintained rates at the highest levels in nearly twenty years. Powell is set to say in his speech to the Senate Banking Committee, "Given that our policy stance is now much looser than before, and the economy remains strong, we do not need to rush to adjust our policy stance,"

Federal Reserve Chairman Powell stated that recent indicators show economic activity continues to expand at a steady pace. Boosted by consumer spending resilience, GDP growth in 2024 reached 2.5%. Investment in equipment and intangible assets seems to have declined in the fourth quarter, but overall performance for the year remained solid. After a slowdown in mid-last year, activity in the real estate sector appears to have stabilized.

Following a slowdown in job growth last summer, the labor market seems to have stabilized. Powell pointed out that the labor market remains solid. Over the past four months, the average monthly job addition was 189,000. After an earlier rise, the unemployment rate has remained stable since mid-last year, at 4% in January, still at a low level. Nominal wage growth has slowed over the past year, and the gap between job openings and workers has narrowed. He said:

"Overall, a range of broad indicators suggests that the labor market is roughly in balance. The labor market is not a significant source of inflationary pressure."

Powell also defended last year's rate cuts, calling it a necessary recalibration of its policy stance to respond to improving inflation and a cooling labor market situation.

At last month's meeting, the Federal Reserve kept interest rates unchanged. Officials hinted that they would maintain this wait-and-see attitude at least until their next meeting a month later.

Crazy Musk has become the most dangerous person in the world

In the United States, an incredible disruptive change is taking place. Musk, in the role of a "disruptor," leads a group of geniuses around 20 years old, analyzing various financial data with a speed as swift as a whirlwind, attacking what they see as the irredeemably inefficient bastion of the American government.

Imagine this scene: an almost eighty-year-old president, leading a middle-aged warrior outside the system, accompanied by six post-2000 genius programmers, wreaking havoc in Washington with data and using AI to lay off employees in droves.

In January 2025, Trump will be 78 years old at the beginning of his second term, becoming the oldest president in U.S. history to enter the White House, surpassing the current Biden. Musk is currently 53 years old, and the six genius protégés under Musk are aged 19, 21, 22, 24, and 25 respectively.

From the perspective of human biological age behavior logic, it can be roughly inferred that Trump should be enjoying his retirement at Mar-a-Lago, while Musk is stirring up the political and professional world. These young people in their early twenties, who should be in college campuses or on assembly lines, are instead defying the heavens in the way they are now.

But everything has changed.

Advancements in biomedicine and the application of artificial intelligence have kept Trump standing at the forefront, provided young people with their lethal offensive weapon, and allowed Musk to attempt to become a king without a crown.

To achieve President Trump's goal of streamlining government size, the White House Personnel Management Office recently offered a "buyout" plan to federal government employees, with over 40,000 already accepting this plan and voluntarily resigning.

According to Musk's plan from last year, reducing 428 federal agencies to 99 is sufficient, with a cut of over 70% of the 2 million employees. Compared to Musk's previous layoff methods, this is considered gentle.

Trump and Musk precisely scratch the people's itch

The reason why Trump and Musk can thrive in the United States is that the country has reached a critical period of transformation that must change; they are historical figures pushed to the forefront.

Musk has gone crazy! He actually challenged the Federal Reserve!

This time Musk is truly prepared to risk it all.

Yesterday he stated: “The government must be completely transparent in all aspects, including the Federal Reserve, unless there are special reasons.”

He even posted a video, publicly making a will.

Musk mentioned: He is prepared for the worst; if something unexpected happens, his business will be handed over to a selected heir, but to ensure their safety, only he and the board know this person's identity.

It is important to understand that the Federal Reserve holds a very special position and has a deep background; it is not even a government agency, but its relationship with the U.S. government is complex and close.

The major shareholders of the Federal Reserve are those big banks on Wall Street, but the true owners behind the scenes are unclear and cannot be specified.

The management body of the Federal Reserve is called the “Federal Reserve Board,” consisting of 7 members appointed by the president for a term of 14 years.

However, the monetary policy execution body of the Federal Reserve is called the “Federal Open Market Committee” (FOMC), which has a total of 12 members: 7 Federal Reserve Board members + the president of the New York Fed, who hold fixed positions, while the other four seats are rotated among 11 regional Fed presidents.

The decision-making process of the Federal Reserve is completely independent, but it is also subject to congressional oversight, and its annual profits must be submitted to the U.S. Treasury.

In other words, the Federal Reserve is not a government agency because its shares belong to private entities; however, its relationship with the government is very close: it has a mixed power dynamic; while its decision-making authority is independent and not influenced by the government, it controls the issuance and settlement of the U.S. dollar, wielding significant influence.

At the same time, it can be seen as a conjugate father-son relationship with the Treasury: the decisions on whether to buy U.S. bonds, how much to buy, and what the interest rates will be are made by the FOMC (expanding/contracting the balance sheet/rate discussions), but they also have to consult with the Treasury, and their annual profits must be submitted to the Treasury.

This is what the Federal Reserve is like, a patchwork creature.

Historically, many presidents have tried to influence the Federal Reserve, but everyone knows the outcomes are not very pleasant. Now Musk wants to audit the Federal Reserve, launching a full-scale counterattack against old money with new money.

It feels like King Mawang has already lost control and absolutely cannot stop: he must uproot political enemies and old forces; otherwise...

I can't help but recall the classic line from "The Warlords," where Chen Gong tells Pang Qingyun: "Mr. Pang, if you want to achieve something, you must live well, live well~"