Holywood News

Jerome Powell Outter News: Synchronized move: Jerome Powell strikes the dollar nose, triggering historic surge of gold and sudden Bitcoin boom investors don’t see coming

According to a report, Fed Chairman Jerome Powell may be based on a report that is Fed Chairman Jerome Powell, which has dropped to a new three-year low, according to a report.

Hedging funds dump US dollars

According to traders, U.S. President Donald Trump is exploring ways to expel Powell and hedge funds are selling dollars to any possible currency, according to traders.

Criticize Jerome Powell and Fed policy

Hassett also noted that Trump appointed Powell in his first term had taken political action to benefit the Democrats, according to Zero Hedge.
He said, “The policy of this Federal Reserve was to raise rates the minute President Trump was elected last time, to say that the supply-side tax cuts that were going to be inflationary,” adding that Federal officials opted not to go “on TV and at IMF meetings and warn about the terrible inflation from the obvious runaway spending from Joe Biden, and the obvious runaway spending from Joe Biden was textbook inflationary, and then they cut rates right ahead of the election,” Zero Hedge quoted.

According to the report, the market’s fear of Trump’s possible actions has led to a strong sell-off in the dollar. According to zero, this is a huge rally in other currencies, and even with the European economic struggle, the euro reached a three-year height, while the yen’s yen jumped from its January low to 11%, rising to its highest level against the dollar since mid-2023. Meanwhile, gold soared to a new record of $3,373, according to the report, removing its recent decline.

Bitcoin violates expectations

In the sharp drop in the US dollar, there is an unexpected outlier: Bitcoin, according to zero hedge. Previously, a decline in the dollar and the appreciation of the yen usually lowers technology stocks and cryptocurrencies, the report said. Zero Hedge wrote: “Tonight we finally saw a shift in the regime, initially in a flat situation, buying Bitcoins for a while, up from $87,000, the biggest day since Liberation Day.”

FAQ

Why is the US dollar falling?
The dollar has been lowered due to concerns over President Trump’s threat to remove Chairman Jerome Powell.

How does hedge funds react to this?

Hedge funds sell USD at nearly every currency, causing their sharp decline.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button