Phyrex
Phyrex|Feb 12, 2025 15:42
Today, a small partner told me that DOGE started to attack the Federal Reserve and might replace Powell, but the actual situation is that Powell's position cannot be revoked by the President. When he was just elected, a reporter asked Powell, and the answer is the same as now. Even if Trump asked, Powell would not leave. When asked about the progress of DOGE and the Federal Reserve, Powell stated that he has not had any contact with DOGE yet and has not received any reports. For Powell himself, many people may not like him, thinking that he has hindered economic development and affected the trend of cryptocurrency. However, from the perspective of the public, inflation in the United States is indeed quite severe now. I just saw information that the price of eggs in the United States rose by 50% in January due to avian influenza. The Federal Reserve and Powell have done a good job in this regard. Of course, from the perspective of investors, we should pay attention to the life and death of Americans. It is best to cut interest rates as soon as possible to make BTC rise at a high speed, release water as soon as possible, and make the cottage season work. So Powell's role is also difficult to play. To manage inflation, maintaining interest rates will be criticized. Regardless of inflation, lowering interest rates has led to a large number of people falling back into poverty and unable to afford daily necessities, and they will still be criticized. So honestly looking at data may be the best 'smart way'.
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