Which is a better outcome for the government? A slow but steady acceleration of the end of the US dollar as the primary global reserve currency, or the complete and permanent collapse of the US economy which also results in the end of the US dollar as a reserve currency?
The Fed is between a rock and a hard place and is aware of that fact that the only option moving forward is managed decline and is aware that they need to hold their cards close to their chest to avoid inciting investor panic. I suspect this is part of the reason for the Trump admin’s constant frustration with the Fed.
they have infinite money and valuations can be faked
but that would devalue investments and holdings globally which could accelerate the abandonment of the dollar as the reserve currency
Which is a better outcome for the government? A slow but steady acceleration of the end of the US dollar as the primary global reserve currency, or the complete and permanent collapse of the US economy which also results in the end of the US dollar as a reserve currency?
The Fed is between a rock and a hard place and is aware of that fact that the only option moving forward is managed decline and is aware that they need to hold their cards close to their chest to avoid inciting investor panic. I suspect this is part of the reason for the Trump admin’s constant frustration with the Fed.