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🚨 10:2! The Federal Reserve internal conflict erupts! Waller rebels against Powell, sending a "declaration of allegiance" to President Trump!
The script unfolds perfectly: just now, the Federal Reserve announced no change in interest rates. But the most explosive part isn't the result, but the voting distribution: Waller and Mester voted against, calling for a rate cut!
Core logic:
Political alignment: Under the pressure from the White House, Waller not only refused to follow Powell but openly contradicted him. This indicates that he has completely sided with the Trump camp in pursuit of the next chairmanship.
Future expectations: Since the "acting chair" already thinks a rate cut is necessary, the market will ignore Powell's hawkish rhetoric and start pricing in "Waller taking office = massive liquidity injection."
Conclusion: Not cutting rates in the short term is bearish? No! It's a huge long-term bullish signal! Because the future leader is one of "our people"!