What Troll the Fed?
Threaten the $wamp control mechanism?
Either way the Fed is over.
Either (they) keep the number “up” or they are gone. Who is really in control?
Thanks for playing.
Is all of the above a lie and The Fed sees liquidity issues? Maybe, but in a somewhat stunning moment of clarity for the business channel, CNBC's Steve Liesman just ever-so-quietly dropped a hint as to the real reason why The Fed is so keen to cut-cut-cut…
In a brief 45 seconds, Liesman drops the "existential" threat argument for why Powell will do whatever it takes to stay in Trump's good graces…
"If The Fed gets this wrong, I think that they think if they make a mistake here, The Fed could be gone…"
Liesman expands on his ominous view:
Think about what happens when a person gets up at a rally and starts railing against The Federal Reserve, and starts to create what could lead to Congressional pressure on The Fed, then you could imagine that their could be support for a different system."
https://www.zerohedge.com/news/2019-07-29/did-steve-liesman-just-expose-existential-reason-fed-cut-week
"I think they think there's a lot of political downside risk to getting this wrong."