Jerome Powell should be held accountable for the recent severe market decline. 📉 He had the responsibility to address negative economic indicators, but the market’s vulnerability was already apparent. We were awaiting crucial data releases, such as non-farm payrolls and the unemployment rate, which followed the interest rate meeting and showed a decline. 📊

I identified potential bad signals but chose not to elaborate, trusting that Powell would address them. I assumed he had access to comprehensive data and would manage market expectations effectively. However, the data release was poorly handled. This situation isn't about a proactive rate cut—it's a response to the market already anticipating a recession, with all negative indicators in play. 🕵️‍♂️📉

In 2021, Powell allowed inflation to rise significantly before quickly cutting interest rates to combat it. Now, in 2024, he has once again delayed action until all negative signals were evident. The delay in responding to adverse indicators before deciding on a rate cut has significantly impacted the market, highlighting his missteps and lack of timely intervention. 🚨🔍

#US_Job_Market_SlowdownView #BinanceTurns7 #MtGoxJulyRepayments #Write2Earn!