Post #8951

❕THIS IS ABSOLUTELY INSANE For the first time ever, a sitting Fed Chair openly accused the President of pressuring him to cut rates for political reasons. That alone crossed a line the market takes seriously. The trigger was a criminal probe tied to the Fed’s headquarters renovation. Officially it is about construction costs. Powell said it is not about a building and framed it as pressure to force rate cuts. Markets reacted immediately. The dollar weakened and gold jumped. This matters because the dollar is built on trust, not just growth. Investors hold US assets because they believe the Fed is independent and policy follows data, not politics. If that belief weakens, the damage builds slowly. From here, there are two paths. Short term, political pressure could mean faster rate cuts, easier money, more liquidity, and higher asset prices. Stocks and crypto benefit. Long term, a loss of Fed credibility risks weaker demand for US debt, higher inflation expectations, and rising borrowing costs. Markets may like the liquidity story today. History shows the cost usually comes later. ✅Subscribe to@cryp