Cointime

Download App
iOS & Android

Trump's increased monetary policy intervention has raised credibility issues for the Fed

market analysis indicates that Trump's increased intervention in monetary policy has raised concerns about the credibility of the Federal Reserve. Regardless of who ultimately takes over, they may be labeled as "only following Trump's interest rate cut orders," breaking the Federal Reserve's traditional "apolitical" image. It is reported that in order to expand influence in the short term, Trump is considering appointing a "shadow chairman" before current chairman Powell steps down next year to pressure the Federal Reserve to cut interest rates.

Comments

All Comments

Recommended for you

  • BTC Surpasses $84,000

    Market data shows that BTC has surpassed $84,000, currently priced at $84,035.16, with a 24-hour increase of 1.16%. The market is experiencing significant volatility, so please ensure proper risk management.
  • Zelensky Responds to Trump's Russia-Ukraine Ceasefire Statement: Ukraine Will Agree if Russia Accepts Energy Ceasefire

    According to Axios, Ukrainian President Zelensky stated that Trump's ceasefire statement was also a surprise to him. Ukraine will agree if Russia accepts an energy ceasefire.
  • CryptoBillis Ledger Attacker Deposits $3.89 Million in Crypto Assets to Binance

    On October 11, the attacker of CryptoBillis Ledger deposited approximately $3.89 million in crypto assets to Binance over the past two days, including 3.685 million USDT and 615,000 TRX (about $204,000). This attacker had previously stolen over $90 million in crypto assets. (PeckShieldAlert)
  • KillaXBT: BTC May Surge Before Midterm Elections, Drop After, Historical Probability 75% Bearish

    On October 11, Killa (@KillaXBT), a user on X, shared his perspective that the ideal path for BTC is to rise before the midterm elections, establishing a bullish narrative and surpassing previous highs. Following this, he anticipates a pullback post-election, similar to past cycles, but with higher lows instead of new cycle lows. He believes that if there is a decline before the elections, it is more likely to rise towards $95,000 afterward. Citing data, he noted that nearly $2 billion in long positions were just liquidated, with only three weeks until the midterm elections. Historically, in four midterm elections, three have seen bearish trends emerge one to two months after the elections, giving a probability of 75%. He stated that the worst-case scenario would be a price rebound leading into the elections, followed by a reversal that traps the other side before de-risking. He believes that the narrative for one side has already been liquidated, and the current exposure of shorts is higher than that of longs. The author claims to still hold 10x long positions and longs established at 62.6K and 76.4K, with all positions fully allocated and not closed. This represents his personal trading view and is not an objective event.
  • Argentine Central Bank Indicates Cryptocurrencies May Open to Banks

    On October 11, the Argentine Central Bank stated that during Milei's second term, cryptocurrencies may be opened to banks, lifting a ban that has been in place for four years.
  • Trump: Russia and Ukraine Agree to 'Energy Ceasefire'

    On October 11, U.S. President Trump announced that an 'energy ceasefire' has been reached in the Russia-Ukraine war, effective immediately. Both sides have agreed not to disrupt it.
  • CITIC Securities: Hong Kong Stocks' Fundamentals Expected to Have Bottomed Out

    On October 11, CITIC Securities' research report pointed out that for Hong Kong stocks, although the overseas interest rate hike cycle combined with the restart of AI-driven trading continues to pressure liquidity, the fundamental expectations have bottomed out, and the earnings growth expectations for major broad-based indices have begun to be revised upwards. There is a significant divergence in the adjustment of industry earnings expectations, with some specific sectors seeing upward revisions, while industries related to domestic demand still face downward pressure on earnings expectations. The upcoming third-quarter performance will be an important basis for assessing the progress of recovery. The report advises investors to maintain patience with Hong Kong stocks, expecting that short-term dividend strategies will continue to outperform.
  • Five Major U.S. TV Networks Boycott White House Coverage; DOJ Launches Antitrust Investigation

    On October 11, the U.S. Department of Justice announced it is investigating whether five television networks, including CNN, violated federal antitrust laws. This follows President Trump's ban on reporters from CNN and two other news organizations from entering the White House for coverage, prompting these five major media outlets to collectively boycott and refuse to report on White House activities in solidarity with the banned reporters. The antitrust division of the DOJ is examining CNN, NBC, CBS, Fox News, and ABC. These news organizations have formed a television broadcasting alliance to jointly cover presidential activities and share video footage. The DOJ stated that the members of this television press corps are boycotting White House coverage; such collective boycott actions among business competitors may violate the Sherman Antitrust Act. The antitrust division is investigating to determine if these news organizations have violated antitrust laws. Last month, Trump barred reporters from CNN, MS NOW, and Politico from entering the White House, citing that their coverage was unfavorable to him. Following this, major television networks suspended joint reporting. When CNN was removed from its scheduled coverage of Trump at the United Nations General Assembly, other networks refused to take its place.
  • Zelensky: Will Organize Ukrainian Elections if Putin Agrees to 60-Day Ceasefire

    On October 11, according to ABC News, Ukrainian President Zelensky responded to U.S. President Trump, stating that he would organize Ukrainian elections if Russian President Putin agrees to a 60-day ceasefire.
  • CITIC Securities: Hong Kong Stocks' Fundamentals Expected to Have Reached Bottom

    On October 11, CITIC Securities' research report indicated that for Hong Kong stocks, although the overseas interest rate hike cycle combined with the restart of AI-driven trading continues to pressure liquidity, the fundamental expectations have reached a bottom, and the earnings growth expectations for major broad-based indices have begun to be revised upward. There is a significant divergence in the adjustment of industry earnings expectations, with some specific sectors seeing upward revisions, while earnings expectations in domestic demand-related industries still face downward pressure. The upcoming third-quarter performance will be an important basis for assessing the progress of recovery. The report advises investors to maintain patience with Hong Kong stocks, expecting that short-term dividend strategies will still outperform.