Has Trump Already Picked the Next Fed Chair?

Has Trump Already Picked the Next Fed Chair?

Over the last few weeks, I’ve been building a case that the Fed and President Trump are at war with one another.

To review, the basic outline is as follows:

  1. The Fed participated in the Deep State’s coup against President Trump, intentionally hurt the U.S. economy and the U.S. stock market by aggressively hiking interest rates and shrinking its balance sheet by $600 billion.
  1. President Trump caught on to this scheme in late 2018. Since that time, he has been planning his revenge – bullying the Fed in to easing policy again, with the ultimate goal of eventually taking over the Fed by designating the control of the U.S. dollar as a matter of national security.

Regarding #2, most recently President Trump has suggested demoting current Fed Chair Jerome Powell if the latter doesn’t begin easing monetary policy soon.

tweet 1

Of course, this raised an important question: Who would President Trump pick to replace Powell as Fed Chair?

Well, last week New York Fed President John Williams positioned himself as the frontrunner for the job…

Trump Takes Notice of New Fed Chair Frontrunner

Last week, Williams suggested that the Fed should cut rates to ZERO as soon as possible.

By the way, the Fed currently has interest rates at 2.25-2.50%. So Williams’ comments indicated that he believes the Fed needs to embark on an extremely aggressive easing cycle right now.

The NY Fed later tried to downplay Williams’ comments as being “off the cuff” and not representing official “Fed views.” But the message was sent loud and clear.

What John Williams did last week was send a message to the President: “If you’re looking for a Fed Chair who will cut rates to ZERO, I’m your man.”

And the President took note:

Tweet

Tweet

Inching Closer to the Fed’s July 31 Decision

The Fed is currently in its blackout period during which Fed officials cannot make public statements. It will make its official interest rate decision next Wednesday July 31.

This is the single most important Fed meeting decision in two years’ time.

The President has made it clear that he wants the Fed to start easing now. Moreover, he’s also made it clear that if Fed Chair Jerome Powell is not willing to cut rates, the President plans to demote him and replace him with someone else.

That someone is now John Williams.

Those investors who are correctly positioned for this have the opportunity to generate literal fortunes.

Imagine being able to time the currency markets to profit from what is about to happen to central banks days in advance?

I’ve spent the last six months developing a trading strategy to do precisely this.

In the last month alone, we’ve seen gains of 67% in two days’ time, 75% in five days’ time, even 100% in four days’ time.

And we just closed out another winner, a 52% gain in just two days!

I’ll tell you all about it in the coming weeks, but suffice to say, the opportunity to generate literal fortunes from central bank schemes is here.

Best Regards,

Graham Summers

Graham Summers
Editor, Money & Crisis

Graham Summers

Editor Graham Summers has spent the last 15 years building a reputation as one of the most sought after and highly respected investment strategists on the planet. His work has been read and quoted by former Presidential advisors, award-winning institutional analysts, U.S. Senators, and more. He’s one of the few analysts on the planet to...

View More By Graham Summers