By casting doubt on Powell's competence and his leadership ... Trump fosters distrust in the dollar and U.S. Treasury bonds.
Prior to last month’s rate cut, monetary policy in the U.S. and China was on sharply diverging paths.
The U.S. has long abused its monetary policy, putting its interests first and enjoying the benefits while other nations bear the brunt.
Russia and China have escalated their push for de-dollarization.
[T]he last time we saw gold purchases at these levels was at a turning point in the history of the world's monetary system.
[C]entral banks in 55 countries raised interest rates by 0.5% 62 times in three months since April and 17 times in July alone.
The Fed's rapid effort to change its monetary policy is one of the main reasons for accelerating changes in the global economy and financial markets.
The board must not be too slow to raise interest rates and hasten inflation, but at the same time, it must also not move in haste and plunge the market into a relapse.