Trump’s battle with the Fed is escalating, now heading for a court battle over Lisa Cook’s dismissal.
The FT says this could undermine the Fed’s independence and push up inflation. But the idea of independence is nonsense. The Fed has long answered to political and financial interests, printing trillions, driving up asset prices, eroding purchasing power, and bailing out Wall Street.
Trump has clashed with Powell for years over rates. This fight is another reminder that Bitcoin is the exit. A rules based monetary network that no politician or banker can manipulate.
All roads lead to Bitcoin.
Read the full article here:
https://www.ft.com/content/a05b579a-6839-473f-8aa7-65b81e4ff5ee