Air Force Ready!
This spring, the Federal Reserve presidents from various districts held a closed-door meeting in Philadelphia, where the Federal Reserve leadership chose a strategy of restraint to avoid conflict with the Trump administration. This strategy has since guided their response to President Trump's multiple attacks on the institution. The Washington Post has verified the details of this meeting and stated that the leadership of this 112-year-old institution chose to defend its independence in setting interest rates by avoiding public confrontation with Trump, enduring some blows, and not retaliating in public. Analysts point out that if the Federal Reserve had not adjusted certain policies or publicly countered the president's calls for interest rate cuts, their situation could have been much worse; Trump might have tried to fire more sitting board members, including Powell. $ETH
Air Force Ready!!