President Trump once again urges low interest rates after employment data in the United States. Some analysts hope that the new price cuts will generate a positive momentum for bitcoin.
However, there are no signs that Powell will change his opinion. If there is anything, this is less likely. Specifications can cause unprecedented chaos, and the economy does not need price discounts to survive now.
Can Trump forced the discounts on American interest rates?
Earlier today, the American Labor Statistics Office Absolute The latest job report, which seems very up in the face of recession.
The total employment in non -agricultural salaries increased by 177,000, outperformed the expected performance, while unemployment remained fixed and wages have increased. This President Trump prompted him to ask again about the interest rate cuts:
President Trump has repeatedly asked the Federal Reserve Chairman Jerome Powell to reduce interest rates. The encryption industry also called for such a move, which will achieve it He encourages Investing in assets on risk.
However, both Powell and other federal reserves have been much higher than that the customs tariffs are very unpredictable to allow more price cuts.
Powell’s position was very fixed. Definitions may destroy a severe economy, and the Federal Reserve needs to maintain its powder dry to avoid collapse in the future. If the prices are reduced after the upscale news, the Federal Reserve will have a less likely tool if a real crisis occurs.
Trump even threatened to dismiss Powell because of the price reduction issue, but he fell after the markets were terrified. He cannot legally shoot on Powell. The overthrow of this prominent organization will undoubtedly lead to chaos.
After the job report, the market expected Less price discounts, and CME I mentioned The amendment in May is really impossible.
In an explicit phrase, there is a very low opportunity for Trump to get discounts in the required prices soon. Justin Wolfard, an economist at the University of Michigan, explained why the upscale report has already made price discounts:
“I am almost sure that the Federal Reserve is still suspended in its next meeting. The real economy (so far) is strong enough to not guarantee the price reduction. The big questions are all directly above the horizon. Powell was clear: he does not want to guess what exceeds this horizon, and he wants to wait and report. He said.
President Trump wants price cuts, but he cannot impose the case without causing greater problems. Since the customs tariff is very chaotic and unpredictable, false rumors have been conveyed on several modern occasions.
Traders should remain cautious about the speculation that looks very good.
Disintegration
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