Threats to the FED goes beyond firing Powell, Bessent calls for a review of 'the entire' Federal Reserve #USD
- Stéphan
- Jul 22
- 4 min read
Something cooking at the FED ....!?>>> Treasury Secretary Bessent calls for a review of ‘the entire' Federal Reserve, Threats to the Fed go beyond firing Powell, Curtis Yarvin’s ideas are going ever more mainstream in Trump’s Washington — and investors should be worried AND The potential successor to Jerome Powell discusses why she thinks the Fed is too powerful, why her stance on gold is not a ‘crank’ position, and why she feels events have vindicated her and president Trump on the need for rate cuts, ''We need to open up the Fed and move to a different construct'', says Judy Shelton >>> changes ahead ? possibly, classic populist stuff, but beware ! as this would be BIG obviously
Bessent : What we need to do is examine the entire Federal Reserve institution and whether they have been successful... All of these Ph.D.s over there, I don't know what they do...
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Markets : USD weakened on the above FED chatters, GOLD & XAG up too, Equity markets steady/ever so slightly lower, been dragged higher as the current macro picture continues to push capital out the risk curve, liquidity plenty, no apparent credit risk (HYG) etc...and low vols.. all of which can 'unlock' if-when background picture changes >> CLEARLY if FED mandata changes, let along if Powell has to go early or is 'shadowed' early, markets WILL move hard
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His thoughts might make Fed-watchers blanch. The issue is not just with President Donald Trump’s ever-escalating threats to fire Fed chair Jay Powell; Yarvin also wants Trump to smash the Fed’s independence by putting it under the sway of the Treasury, so it can restructure America’s $37tn debt and “unplug” its finance from the rest of the world. “My audacious plan is to merge the Fed and Treasury and revalue assets,” he explained. “It is very incorrect to regard Treasury obligations as debt — they are restricted stock. #gold
EU Is Racing to Secure US Trade Deal and Preparing for Worst - when US President Donald Trump has threatened to hit most EU exports with 30% tariffs. The EU is prepared to stomach an unbalanced agreement that favors the US, but is also stepping up preparations to retaliate in a scenario where there is no agreement. The US is pushing for a near-universal tariff on EU goods higher than 10%, with limited exemptions, while the EU is seeking wider exemptions and looking to shield the bloc from future sectoral tariffs
Treasury Secretary Scott Bessent on X: "We've endured decades of unfair trade. Thanks to @POTUS and his ability to create maximum leverage, that era is over. This administration is prioritizing the quality of these deals, not how fast they're made. https://t.co/lAvnPOlAch" / X
Greece...or EU policy ?..
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