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区块小Lin
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Some of Trump's allies are shocked by the subpoena of Powell, potentially triggering risk aversion on Wall Street
BlockBeats news, January 12, according to informed sources, some of Trump's allies are shocked by the Trump administration's decision to subpoena Powell, fearing that the legal battle against Federal Reserve Chair Powell could disrupt the bond market. They also worry that this could discourage Powell from leaving the Fed after his chairmanship ends in May. Powell can remain a Fed governor until 2028 and has not yet indicated whether he plans to follow tradition and step down.
It is reported that Trump's aides and allies are assessing the consequences and potential unintended impacts of actions against Powell. Among the concerns is how Wall Street might react when trading opens on Monday—the bond market is likely to view this as a threat to the independence of the central bank. This also introduces uncertainty into Trump's efforts to replace Powell with a new leader.
Evercore ISI analysts said in a report, "We are deeply alarmed by this development, which threatens the independence of the central bank. This is undoubtedly a risk-off move. We expect a sell-off in the U.S. markets on Monday across the dollar, bonds, and equities, similar to the situation during the peak of the tariff shock in April last year." (Jinshi) #加密市场观察
BlockBeats news, January 12, according to informed sources, some of Trump's allies are shocked by the Trump administration's decision to subpoena Powell, fearing that the legal battle against Federal Reserve Chair Powell could disrupt the bond market. They also worry that this could discourage Powell from leaving the Fed after his chairmanship ends in May. Powell can remain a Fed governor until 2028 and has not yet indicated whether he plans to follow tradition and step down.
It is reported that Trump's aides and allies are assessing the consequences and potential unintended impacts of actions against Powell. Among the concerns is how Wall Street might react when trading opens on Monday—the bond market is likely to view this as a threat to the independence of the central bank. This also introduces uncertainty into Trump's efforts to replace Powell with a new leader.
Evercore ISI analysts said in a report, "We are deeply alarmed by this development, which threatens the independence of the central bank. This is undoubtedly a risk-off move. We expect a sell-off in the U.S. markets on Monday across the dollar, bonds, and equities, similar to the situation during the peak of the tariff shock in April last year." (Jinshi) #加密市场观察
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