The Federal Reserve is an independent government -sponsored institution (GSE), not an agency or office of the federal government. Therefore, the President and Congress cannot reject the Federal Reserve Chairman and appoint a new one to the age of the monetary policies they support.
The Federal Reserve has been prepared to be an independent central bank.
But the campaign to pressure Trump on Powell can make him reduce interest rates again. The last time he did that Trump was in office after the President publicly pressed him to reduce its prices, unlike anything that the United States witnessed in modern history.
Trump presses Powell to cut prices
Trump is not the most traditional man when he suits him not. It is unusual for the president to pressure the Federal Reserve Chairman to determine the price policy. It is not common either for presidents to outperform their messages with insults to confirm.
But Trump is an economic expert, executive director and microman. When it comes to policies, he sees them that Linchpins is to exercise the authority of government in a realistic way. He also has a sarcastic character, thorny Steve Jobs/Jack and Lash Driving Personality.
As if you support the president due to price discounts, the S&P 500 Closed 2.5 % Less day after Jerome Powell began hitting more price cuts earlier April.
Will he repeat history of bitcoin prices?
In a post on the application of social media, Trump said the economy is at the risk of slowing down, “unless it is too late, a big loser, which reduces interest rates, now.” Meanwhile, pushing him to the American Bitcoin Reserve raises a new global arms race for BTC.
If you get price cuts, the Bitcoin price may rise again.
Almost this time in 2019, BTC was traded at $ 5,000 and Trump He was playing The same game. In the next 12 months or so, the Federal Reserve eventually reduced rates to scratch. 12 months later, BTC was trading for $ 60,000.
Last Friday, in April, Bitcoin exceeded 95,000 dollars with bulls looking to $ 100,000.
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