I’m guessing the negotiation between Powell and Trump has a heavy dose of bitcoin strategy embedded into it.
If Powell lowers interest rates and eases monetary policy, then Trump will slow roll the USA’s steps towards legitimizing Bitcoin.
If Powell chooses to keep interest rates high and monetary policy tight, look for Trump to ape the US government into bitcoin in every way possible.
At least that’s what I would be advising Trump to do …
I doubt they are talking much about Bitcoin
It’s the main chip that Trump has to play against Powell.
Trump ought to be asking the Fed to raise Fed interest rates to inifinity percent while cutting spending far below US Treasury income. That way market interest rates would prevail and people can work on making some honest money replacement ready for prime time when a future administration totally destroys the dollar. Unfortunately that is not happening.
