China's experience tells us that the product of interests compromise between two factions often leads to major events. Why did Trump choose Powell as the next Federal Reserve Chair? Wall Street's core interest is dollar credibility, which is the foundation for their global harvesting. They worry that Trump's fiscal policies could lead to a second round of inflation, requiring a hawkish central bank governor to suppress inflation expectations and maintain dollar credibility. Politically, Powell is acceptable to both the establishment and Trump; he understands Wall Street's demands and is not as disliked by Trump as Powell. In a bull market, fools can make money lying down; in bear and volatile markets, it's the perfect time for us to showcase our skills.

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
  • Pin