alt Hacker NewsHe’s scared of them.
If he were to mess with the Fed it would impact Wall Street, particularly by making the market indices go down.
For whatever reason he cares about that in ways he doesn’t care about his approval ratings or the historical norms of the office. See how fast he reached a deal on tariffs earlier in the month when the markets reacted to them? Since then they’ve been slowly leading tariffs to get the message out so when the tariffs come the market will have priced it in.
He’ll get to the Fed. But it won’t be overnight. The administration will start messaging it and choreographing the change long enough before so it won’t spook Wall Street.
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His project2025 handlers (lets be clear hes not that smart) have calculated exactly how much opposition each outrageous thing can stand, beyond which there would be too much coordinated pushback. So its all about divide everybody against their own little thing to try and get as much fuckery through as possible
His approval rating is quite high considering the circumstances. Will take months to really understand, but at least half of America abhors the federal government.
The new Commerce secretary controls massive amounts of Tether.
Elon Musk’s entire net worth is tied up in stocks.
If Tesla crashed, so would Elon’s power.
This is the key, there is a reason why the Fed Chairman doesn't ad-lib any of their public speeches. They read a carefully prepared statement and that's it.
Just a small wink, nod or a pause somewhere might cause panic on Wall Street.