On September 24, U.S. Treasury Secretary Basant suddenly stated that Fed Chairman Powell should have signaled a rate cut of 100 to 150 basis points! As soon as this news broke, the market reacted as if a bomb had been dropped, causing a splash.
The most unusual aspect of this matter is that the U.S. Treasury Secretary and the Fed Chair have always pretended to be polite even when they are not in agreement; how could one directly point a finger and urge a rate cut?
It is important to know that Besant is not an ordinary politician; this former Chief Investment Officer of the Soros Fund is a "tru
View OriginalThe most unusual aspect of this matter is that the U.S. Treasury Secretary and the Fed Chair have always pretended to be polite even when they are not in agreement; how could one directly point a finger and urge a rate cut?
It is important to know that Besant is not an ordinary politician; this former Chief Investment Officer of the Soros Fund is a "tru