🇺🇸 Trump hints at a "different" Fed
Trump stated that the US economy could grow by 15% under Kevin Warsh's leadership and called Powell's appointment a "big mistake".
The key here is not the number 15%.
The key is the signal.
This is a direct message:
👉 the next course of the Fed should be more growth-oriented
👉 lower rates
👉 more liquidity
The Fed is formally independent. But markets trade expectations, not formalities.
If there is a feeling that monetary policy will become softer after the elections —
risk-assets will start to price this in advance.
BTC always reacts first to changes in liquidity.
For now, this is just a narrative.
But big trends start precisely from narratives.
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