I think the recent letter from U.S. Senators asking the Fed for a 75bps rate cut was to provide top cover so when the Fed cuts 50bps, they can appear calm, controlled, and dovish by contrast.
Further, it’s difficult to imagine that the Fed *won’t* resume QE policy.
All roads lead to bitcoin.
Blake / ₿lake
npub172…kaz2l
2024-09-18 13:08:01
in reply to nevent1q…fa3s
Author Public Key
npub17299xmlwlxqv455ysf7pys3kl8jpez28galckr60phldvjpdcwvskkaz2lPublished at
2024-09-18 13:08:01Event JSON
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"kind": 1,
"tags": [
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"content": "I think the recent letter from U.S. Senators asking the Fed for a 75bps rate cut was to provide top cover so when the Fed cuts 50bps, they can appear calm, controlled, and dovish by contrast. \n\nFurther, it’s difficult to imagine that the Fed *won’t* resume QE policy. \n\nAll roads lead to bitcoin.",
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