Jerome Powell y la FED cambian a Trump: una nueva administración, una nueva vida, un nuevo tono
Esta tensión latente se ha estado gestando desde las elecciones, a medida que aumentaba la especulación sobre cómo las prioridades políticas de Trump; Impuestos más bajos, controles de inmigración más estrictos, aranceles más altos y un impulso para la integración de activos digitales se alinearían con el mandato de estabilidad de precios de la Reserva Federal. Los recientes comentarios de Powell tras la reunión del Comité Federal de Mercado Abierto (FOMC) revelan que el banco central se prepara para un entorno político plagado de incertidumbre. En la reunión del FOMC, la Reserva Federal recortó su tasa de política en 25 puntos básicos, como se había previsto. Sin embargo, la medida se vio eclipsada por las cambiantes proyecciones del banco central. El Resumen de Proyecciones Económicas ahora pronostica una tasa de política monetaria del 3,9% para fines del próximo año, lo que indica dos recortes adicionales de las tasas. Las expectativas de inflación para 2025 aumentaron al 2,5%, mientras que la incertidumbre en torno a las proyecciones de inflación aumentó, con una gama más amplia de resultados potenciales. Powell abordó estas proyecciones con cautela, atribuyendo parte de la incertidumbre al impacto de los posibles aranceles y otras políticas económicas de Trump. "No sabemos cuándo enfrentaremos esa pregunta", afirmó Powell, enfatizando el enfoque de la Reserva Federal en estudiar cómo los aranceles podrían impulsar la inflación. Sin embargo, admitió que algunos miembros del FOMC habían tenido en cuenta tentativamente los posibles efectos de las políticas de Trump, comparando la situación con "conducir en una noche con niebla". Si bien los comentarios de Powell parecen mesurados, los críticos argumentan que delatan un sesgo político. Al incorporar estimaciones especulativas de la agenda económica de Trump en sus pronósticos, la Reserva Federal puede haber excedido su papel neutral, una crítica que Trump y su bando han aprovechado más que alegremente. No podemos ignorar el gran elefante en la sala, un tema particularmente polémico: la sugerencia de Trump de construir una "Reserva Estratégica Bitcoin ". SOLO EN: 🇺🇸 El presidente de la Reserva Federal, Jerome Powell, dice que la Reserva Federal "no puede poseer Bitcoin ". #JeromePowell #FED #FOMC #Tasas de interés pic.twitter.com/Atq66Kl5VY In a press briefing yesterday, Powell dismissed the idea outright, stating, “We’re not allowed to own Bitcoin,” while reiterating that any legal changes to permit such a reserve would require Congressional approval. The comments triggered a pullback in Bitcoin prices, which had rallied sharply post-election amid optimism over Trump’s crypto-friendly agenda. Powell’s skepticism echoes the Fed’s broader caution toward digital assets, and we all know that Trump does not share the same sentiment. The chairman has consistently opposed the idea of federal involvement in cryptocurrencies, framing it as a matter best left to Congress. This cautious stance places Powell at odds with Trump, who sees digital currencies as a tool for innovation and economic growth. We have to wait to see if it is a divide that could further strain the relationship between the White House and the central bank. Make no mistake about it: Bitcoin has been around for more than a decade, and if he didn’t support it before, Fed chair Jerome Powell would never go pro-crypto. The conflict is not limited to crypto policy. Trump has a long history of criticizing Powell’s leadership, accusing the Fed of being “political” and suggesting that its rate cuts were timed to benefit electoral outcomes. Despite his criticisms, Trump has also voiced frustration that Powell’s rate cuts did not go far enough, highlighting his desire for more influence over monetary policy. “I feel the president should have at least a say in there,” Trump declared in August, arguing that his business acumen made him better qualified to guide rate decisions than Fed officials. This perspective further outlines Trump’s broader ambition to reshape the central bank’s independence, a move Powell has publicly opposed. “Independent central banks typically have lower inflation,” Powell said in September, defending the existing institutional framework. He stressed the importance of insulating monetary policy from political influence, calling it “a good institutional arrangement” that benefits the public. Trump’s assertion that the Fed should consult him on interest rate decisions raised eyebrows across the political spectrum. Critics warn that undermining the Fed’s independence could destabilize financial markets and erode public trust in monetary policy. Yet, Trump’s supporters, including Tesla CEO Elon Musk, argue that his push for greater oversight reflects legitimate concerns about a central bank they perceive as out of touch with Main Street. The tension between Trump and Powell is simply a battle over who has the power to shape economic policy. Powell insists that the Fed is committed to price stability, even as it invites accusations of political bias. On the other hand, Trump’s more aggressive, interventionist stance echoes his belief in the need for a radical rethinking of monetary policy. The stakes are undoubtedly high for both men. It could go two ways: A constructive dialogue or an outright confrontation about whose policies are the “best for America.” Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap La postura críptica de Powell sobre las criptomonedas y las tasas de política
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