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34 sats \ 1 reply \ @Bell_curve 11 Jul \ on: Fannie CEO pushing Powell out: "I'm encouraged by reports he is resigning...." Politics_And_Law
long over due, I think Trump was going to fire him for 'cause' or nominate his replacement early, relegating Powell to lame duck status
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23 sats \ 0 replies \ @krispy_donkey 11 Jul
I still don’t know what to make of Powell, presuming the whole thing is not a big act.
However I am confident that whoever replaces him will opt to reduce interest rates at the next scheduled opportunity. This will be good for Bitcoin I’m told, but what isn’t.
What I am curious about is will an interest rate drop be good for the US, and how will it ripple out across the globe?
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