LEVEL 2
350 XP
Look, Powell just pulled out that same tired playbook again. The whole "Wait and See" symphony we've heard a thousand times before.
Watching Powell's presser today gave me serious déjà vu. I swear this guy said "data-dependent approach" so many times I wanted to start a drinking game. Would've been hammered by the halfway point.
The tariff situation is where Powell's real poker face cracked. You could see how rattled the Fed is after Trump's "Liberation Day" tariff bomb. Powell's whole "tariffs could be temporary price bumps OR persistent inflation pressure" spiel? Translation: "We have no clue, so we're winging it."
When's the last time the Fed looked this uncertain? Even during 2008 they had more conviction than this wishy-washy routine.
Rate cuts got completely yeeted from the conversation. Zero hints about the cuts markets have been desperately pricing in. His "monitoring price and employment indicators closely given recent economic activity slowdown" basically means "cuts ain't happening yet, kids."
The funniest part was "we have the luxury of waiting for now." Luxury? While inflation expectations are stirring back to life? While markets are screaming for directional clarity? Classic Fed hubris.
Powell's real dilemma is crystal clear: Cut rates while tariff-driven price spikes are brewing, and if inflation reignites, his career is toast. Go too hawkish, and he owns the recession narrative.
So Powell's buying time with fancy phrases like "supply chain cost pass-through velocity" and "consumer expectation dynamics." Peak central banker word salad right there.
Markets already know the score. While the Fed dithers around like this, Bitcoin's gearing up for another safe-haven sprint. Monetary policy uncertainty is crypto's best friend - always has been.
Let's see who blinks first. Powell or the markets.
Anyone else getting major 2021 "transitory" flashbacks, or is it just me?
Watching Powell's presser today gave me serious déjà vu. I swear this guy said "data-dependent approach" so many times I wanted to start a drinking game. Would've been hammered by the halfway point.
The tariff situation is where Powell's real poker face cracked. You could see how rattled the Fed is after Trump's "Liberation Day" tariff bomb. Powell's whole "tariffs could be temporary price bumps OR persistent inflation pressure" spiel? Translation: "We have no clue, so we're winging it."
When's the last time the Fed looked this uncertain? Even during 2008 they had more conviction than this wishy-washy routine.
Rate cuts got completely yeeted from the conversation. Zero hints about the cuts markets have been desperately pricing in. His "monitoring price and employment indicators closely given recent economic activity slowdown" basically means "cuts ain't happening yet, kids."
The funniest part was "we have the luxury of waiting for now." Luxury? While inflation expectations are stirring back to life? While markets are screaming for directional clarity? Classic Fed hubris.
Powell's real dilemma is crystal clear: Cut rates while tariff-driven price spikes are brewing, and if inflation reignites, his career is toast. Go too hawkish, and he owns the recession narrative.
So Powell's buying time with fancy phrases like "supply chain cost pass-through velocity" and "consumer expectation dynamics." Peak central banker word salad right there.
Markets already know the score. While the Fed dithers around like this, Bitcoin's gearing up for another safe-haven sprint. Monetary policy uncertainty is crypto's best friend - always has been.
Let's see who blinks first. Powell or the markets.
Anyone else getting major 2021 "transitory" flashbacks, or is it just me?