US Federal Reserve Chairman Powell stated that he would not resign even if the incoming Trump administration suggested it (Washington Jiji) Jiji.com News November 8, 2024 05:05.
>>1 Trump wants to dismantle the Fed, right? Japan should nationalize the Bank of Japan, dismantle the Ministry of Finance and revive the Ministry of Finance And also turn the Ministry of Justice into the Ministry of Criminal Affairs lol.
>>1 Until now, they have acted according to the wishes of the Democratic Party In September, they cut interest rates by 50 basis points even though it was unnecessary But they did so in order to get the presidential election They are completely controlled The Fed has no independence.
This is what happens when the central bank (the Fed) is taken over by Jewish capital >>1 The former prime minister who knew this well and provoked Jewish capital by saying that the Bank of Japan is a subsidiary of the government was shot dead less than a month after making the statement.
Many people misunderstand this, but Trump has said that he studied inflation and interest rates during his four-year recharge period, and that “if he returns to the presidency, he will try to eliminate inflation and raise interest rates.” Powell has recently been steadily lowering interest rates, so it is likely that Trump will tell him to step down. So that led to the interview with >>1.
1 dollar: 150 yen Small businesses revive 1 dollar: 150 yen Japanese ships start selling 1 dollar: 180 yen Shipbuilding revives 1 dollar: 240 yen Petrochemical products revive 1 dollar: 360 yen Heavy industry revives 1 dollar: 520 yen Hinomaru semiconductors revive 1 dollar: 1250 yen A space industry emerges in Japan 1 dollar: 2450 yen Mitsubishi builds a Mars base.
>>3 The introduction of additional tariffs by Trump could push up prices in the US and further worsen consumer spending. As a result, the American economy fell into stagflation, a period of both economic downturn and rising prices. Caught between a worsening economic situation and rising prices, the FBR’s monetary policy is at a standstill. The result is a weaker dollar.
>>3 That’s true in the long term, but Trump hasn’t taken office yet. And while the dollar may be weaker against the euro and pound, the yen is too weak to weaken against the yen.
It all depends on how trade with China goes. The Chinese economy is already in trouble, so if America gets in trouble too, we’ll be heading straight for a global depression.
>>15 Trump would probably impose high tariffs on China, penalties on companies that have made huge profits in the Chinese market, Japanese luxury cars, and others… America first, after all.
America has been handing out dollars in unprecedented numbers since COVID-19, and a lot of money has flowed into the stock market, so everything is now selling at high prices, so we might see another Lehman Shock.
When Trump took office last time, people said “Janet should be fired,” but Yellen served until the end of her term, and Powell was the chairman chosen by Trump in the first place.
>>44 Legally, he cannot be dismissed. All central banks have a high degree of independence, so in Japan, the Governor of the Bank of Japan cannot be dismissed.
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