Kevin Wash, 56 years old, a Federal Reserve Board member during the 2008 financial crisis, known for "opposing quantitative easing." Everyone's first reaction was—It's over, the hawks are in power, they will raise interest rates.


But did you understand it?
What he opposed was "indiscriminate money printing," not "targeted liquidity injections." These are two completely different concepts.
The deeper truth is: The reason the White House pushed him up is precisely because he is not a traditional hawk. Trump wanted someone who "looks tough but actually cooperates"—both to maintain the appearance of the Federal Reserve's "independence" and to implement the White House's financial strategy.
Isn't this what the crypto world often calls "selling wolf's meat with a sheep's head"? #股票交易挑战最高赢17000U
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned