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this post was submitted on 28 May 2026
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I guarantee 100% that Trump & Co. will do everything within their power, including things that are illegal, to lower rates. While Trump appointees are only 3 of 7 Fed governors while Powell remains as a governor, I believe Powell is holding that position to try to negotiate an exit that doesn't leave him facing retribution, and that he'll step away from this train wreck when he has sufficient confidence this is the case. However, if he doesn't strike a deal, Trump will absolutely fire him, or worse, fire up his brownshirts with some stochastic terrorism.
Tbh I wouldn’t be super shocked if Powell ends up just being the shadow-governor emeritus, and fucks with orangeboi’s plans to quickly irreparably nuke the economy.
I still expect the regime to irreparably nuke the economy, as well as the long-term strength of the USD, which may actually end up with the US venturing into insolvency if the world turns away from the USD standard - and it’s looking like the world may ultimately be headed in that direction.
The exodus from the dollar is already well underway. There is a reason gold has been on an epic bull run, as central banks have largely been the driver. Gold holdings now exceed U.S. bond holdings by foreign central banks. Moreover, the U.S. insolvency is already barrelling down the tracks at us. I think there is a high probability that the shit hits the fan in the fall. We're living in interesting times....