The Trump administration just fired a warning shot at Jerome Powell
As I noted last week, the President has implicitly told the Fed to start
easing now with a tweet concerning inflation.
Ignore the media’s portrayal of the President as being a dunce… or that he
doesn’t understand inflation. This was a clear signal to the Fed… “EASE NOW.”
Apparently the Trump administration has decided that an implicit signal
wasn’t enough… so yesterday they made their intentions EXPLICIT.
Yesterday the following headline hit the newswires around mid-day…
White House explored legality of demoting Powell from chairman.
As if that wasn’t clear enough, the President himself, when asked about
the possibility of demoting Jerome Powell, stated… “let’s see what he
does.”
The message here is clear… “EASE NOW OR YOU’RE FIRED.”
Whether Powell actually eases or not has become an afterthought… because
the reality is that if he does not, the President will replace him with
someone who will.
Put simply, the Fed is about to ease in a big way… whether it’s today… or
a few months from now.
All of this is going to unleash a tsunami of inflation.
The Fed was already talking about unleashing non-stop Quantitative Easing,
cutting interest rates to negative and more BEFORE the President got
involved.
Can you imagine what the Fed will do now that President himself is pushing
for higher inflation?
On that note we offer a Special Investment Report concerning FIVE
investments you can use to make inflation pay you as
it rips through the financial system in the months ahead.
The report is titled Survive the Inflationary Storm
We made 100 copies available to the public.
Currently there are just handful left.
To pick up yours, swing by:
https://www.phoenixcapitalmarketing.com/inflationstorm.html
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research
