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White House economic adviser Kevin Hassett recently praised Federal Reserve Chair Jerome Powell, calling him a 'good person.' The comment comes amid ongoing discussions about monetary policy and its broader economic implications. Powell's decisions at the helm of the Federal Reserve continue to shape market dynamics and investor sentiment across various asset classes.
No matter how kind-hearted someone is, it can't change the fact that the Federal Reserve is shrinking its balance sheet. This round is really about harvesting retail investors' consensus.
Bitcoin's recent movements depend on his mood. As small retail investors, let's just watch as spectators.
Behind the nice words are all interests at play. Don't be fooled by this "good person" persona.
Powell: I am a good person. Market: down, down, down. Me: cut losses, cut losses, cut losses.
Hmm... that's why I only dare to ambush potential new stars now. I really can't understand the overall market anymore.