$BTC #美国10月CPI数据即将公布
Powell, the head of the Federal Reserve, and President Trump are at odds. Trump wants to lower interest rates, but Powell insists on not lowering interest rates in order to control price increases. Trump is unhappy and even wants to fire Powell.
Powell doesn't buy it. He said that if Trump really dares to do this, he will go to court. He believes that his position is protected by law and cannot be moved at will. He also said that if the president can fire the head of the Federal Reserve at will, the Federal Reserve will not be able to make independent decisions in the future, which is not good for the national economy.
Now Trump wants to be president again, and the conflict between him and Powell has been put on the table again. If Trump really removes Powell, it will be a big deal. There may be a big legal dispute, and the financial market will also be in chaos.
The Federal Reserve has long been prepared to prevent this day. They don't want political forces to interfere in their decision-making. Powell is also determined to maintain the independence of the Federal Reserve and prevent it from becoming the president's "little follower".
Economists say that Trump and Powell's confrontation is not good for the financial market and may cause the interest bond yields of borrowing money to rise a lot.
In short, this is the thing between Trump and Powell. One wants to control the economy, and the other wants to remain independent, so the two of them are fighting.
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