DropToZeroDon'tCry
🚨 Favourable Information, but the market is scared? Powell is leaving!
This morning's news: Powell convened an emergency meeting and will step down, to be succeeded by the Director of the White House Economic Council. On the surface, this is Favourable Information, but the market panicked instantly— the new appointee, Hassett, is from Trump's camp, and he has repeatedly criticized Powell for being too slow to cut rates, believing it should be quickly reduced to around 3%.
⚡ If true, this means: Powell not resigning = slow rate cuts, market uncertainty Powell resigning = new chairman m
This morning's news: Powell convened an emergency meeting and will step down, to be succeeded by the Director of the White House Economic Council. On the surface, this is Favourable Information, but the market panicked instantly— the new appointee, Hassett, is from Trump's camp, and he has repeatedly criticized Powell for being too slow to cut rates, believing it should be quickly reduced to around 3%.
⚡ If true, this means: Powell not resigning = slow rate cuts, market uncertainty Powell resigning = new chairman m
BTC-5.09%


