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The market truth under the power struggle! Trump suddenly changes his stance: "Not considering firing Powell for now." It seems like a retreat, but there's a hidden secret...
On the surface, it's a signal of easing, but behind the scenes, two bombs have already been planted:
The first move is called "Flexible Suppression." Trump says concessions, but then throws out two successor lists (Wash and Haskett), and leaves a remark that "the final decision still lies with me." This isn't giving up; it's setting a timer—Powell's position is already precarious.
The second move looks at the data. The latest Beige Book exposes the lie of "moderate growth"—the supposed growth is actually supported entirely by holiday consumption. Meanwhile, the tariff storm is impacting the entire country, and the PPI index stubbornly refuses to decline. Inflation, this old tiger, has never truly disappeared. The Federal Reserve is now under fire.
Why is it more dangerous now? Because Trump's "concession" is essentially a power reshuffle. The Fed's independence has shifted from being publicly attacked to a "boiling frog" squeeze. The economic data shows a peaceful appearance on the surface, but internally, it's fractured—growth is weak, and inflation is hard to control. The Fed is caught between preventing recession and fighting inflation, with no policy space left. Any short-term positive signals could be traps for bulls; only two hard indicators are reliable: CPI and non-farm employment data.
When the traditional financial power game becomes so naked and uncontrollable, and central bank credibility and data authenticity become bargaining chips, the market's renewed understanding of cryptocurrencies—"transparent, censorship-resistant, permissionless"—is no longer an option but an inevitable trend.
What is your judgment?
A. Powell can hold out until the end of his term, but his power has been usurped
B. One of the "Two Kevins" will succeed, and aggressive rate cuts will begin in 2025
C. No matter who takes office, the old system's credit framework has already cracked, and cryptocurrencies are the ultimate outcome