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Powell just went ahead and jumped straight to the Department of Justice—saying that as long as you investigate me, I'll stay on as a board member after my term ends!
Historically at the Federal Reserve, it's basically been standard that the chairman steps down but can remain as a board member. They usually don't stay and give up the position. Trump, this crazy guy, went way too hard and ended up hurting himself in the process.
As Federal Reserve chairman, Powell doesn't rank first overall, but he's definitely in the top three. His capabilities and control over U.S. monetary policy, as well as his influence globally, are all very evident.
Trump, this idiot, not only publicly attacks him but also wants to engage in political persecution! If Powell stays on as a board member, Kevin's probability of becoming the next Federal Reserve chairman will decrease. This is clearly retaliation against Trump. Moreover, after staying on, rate cuts or not cutting rates would become a political weapon rather than a policy approach that follows economic principles.
Actually, this isn't what I want to see, because these kinds of uncertain and uncontrollable human factors will bring great difficulty to my predictions on crypto trading and deviate from the normal trajectory. The market is always right. I'll keep trading crypto while learning and growing. We always encounter new problems—learning by doing!