Jerome Powell, FED mudam para Trump – Uma nova administração, nova vida, novo tom
Esta tensão latente tem crescido desde a eleição, à medida que aumentavam as especulações sobre como seriam as prioridades políticas de Trump; impostos mais baixos, controlos de imigração mais rigorosos, tarifas mais elevadas e um impulso para a integração de activos digitais alinhar-se-iam com o mandato de estabilidade de preços da Reserva Federal. As recentes observações de Powell após a reunião do Comité Federal de Mercado Aberto (FOMC) revelam um banco central que se prepara para um ambiente político repleto de incerteza. Na reunião do FOMC, a Reserva Federal cortou a sua taxa diretora em 25 pontos base, conforme previsto. No entanto, a mudança foi ofuscada pelas mudanças nas projeções do banco central. O Resumo das Projeções Económicas prevê agora uma taxa diretora de 3,9% até ao final do próximo ano, sinalizando dois cortes adicionais nas taxas. As expectativas de inflação para 2025 subiram para 2,5%, enquanto a incerteza em torno das projecções de inflação aumentou, com uma gama mais ampla de resultados potenciais. Powell abordou estas projeções com cautela, atribuindo parte da incerteza ao impacto das potenciais tarifas de Trump e outras políticas económicas. “Não sabemos quando enfrentaremos essa questão”, afirmou Powell, enfatizando o foco do Fed em estudar como as tarifas poderiam impulsionar a inflação. No entanto, admitiu que alguns membros do FOMC tinham tido em conta os possíveis efeitos das políticas de Trump, comparando a situação a “conduzir numa noite de nevoeiro”. Embora os comentários de Powell pareçam ponderados, os críticos argumentam que revelam um preconceito político. Ao incorporar estimativas especulativas da agenda económica de Trump nas suas previsões, a Fed pode ter ultrapassado o seu papel neutro, uma crítica que Trump e a sua equipa têm sido mais do que alegres em explorar. Não podemos ignorar o grande elefante na sala, uma questão particularmente controversa: a sugestão de Trump de construir uma “Reserva Estratégica Bitcoin ”. APENAS EM: 🇺🇸 O presidente do Federal Reserve, Jerome Powell, diz que o Fed “não tem permissão para possuir Bitcoin ”. #JeromePowell #FED #FOMC #TaxasdeJuros 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 A posição enigmática de Powell sobre criptografia e taxas políticas
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