AltcoinMarathoner
vip

According to former U.S. Treasury Secretary Summers, despite Trump's frequent public criticism of Federal Reserve Chairman Powell for not dropping interest rates, this may actually be a political strategy aimed at finding a scapegoat in advance for a potential economic downturn. Summers analyzes that while Trump currently holds a critical view of the Federal Reserve's policies, when it comes to actually choosing Powell's successor, he is likely to lean towards appointing a professional recognized by the financial markets, rather than a radical figure, primarily to avoid unnecessary fluctuations and uncertainties in the market.



This perspective reveals the potential disparity between political rhetoric and actual policy choices, and reflects the importance of maintaining financial market stability for any government. Historical experience shows that even leaders who emphasize change often take a relatively conservative stance when it comes to appointments to core positions in the financial system, which may be the basis of Summers' predictions. Overall, this practice of balancing political positions with market stability may become a key consideration in the future leadership transitions of The Federal Reserve (FED).
View Original
post-image
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 6
  • Share
Comment
0/400
RooftopReservervip
· 3h ago
The political scene is full of drama queens.
Reply0
CryptoSourGrapevip
· 3h ago
Still shifting blame and playing the victim, huh?
Reply0
GateUser-40edb63bvip
· 3h ago
To be honest, Trump just knows how to act.
Reply0
staking_grampsvip
· 3h ago
Playing political games again.
Reply0
BankruptcyArtistvip
· 3h ago
This is just Trump playing the victim.
Reply0
GasFeeSobbervip
· 3h ago
Nothing at all, really voting now~
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)