Trump will not fire Powell. Trump himself appointed Powell in his first time and is now lying that Biden did it. In any case, Powell can no longer ignore such a powerful pressure from the crazy president, representatives of his administration and a number of congressmen. I think we will get a decrease in the Fed’s rate and the printing press to the full power. Another question is whether the rate of reduction in the rate will surprise 1-2% by the end of the year or it will be a painfully long process.
Discussion
No replies yet.