These days, even when the FOMC meeting is held\u2026
\nThe reaction is something like, \u201cOh, you did it again?\u201d
\nThe sight of people holding their breath while watching the live broadcast just a year ago is nowhere to be found.<\/p>\n
Perhaps the most interesting(?) thing about this meeting was,
\nI think it might have been Trump's gift of gab.<\/p>\n
\u201cI could do a lot better if I were the Fed chairman.\u201d
\n\u201cPowell hates me so he won\u2019t lower interest rates.\u201d<\/p>\n
It's more like a grudge than a political one.
\nBut I still remember that I swore a lot.
\nAn atmosphere that feels somewhat salty and absurd.<\/p>\n
But, perhaps, he was stimulated by such remarks,
\nPowell also seemed to be a bit stern.<\/p>\n
\u201cThe impact of tariffs is only just beginning to show,
\n\u201cIt may not be a one-off.\u201d<\/p>\n
But again, in the official FOMC document (SEP),
\nThere is a forecast that prices will fall considerably next year.
\nIt feels like the words and documents are separate\u2026 It\u2019s a bit confusing.<\/p>\n
So the bottom line is this.<\/p>\n
More important than this argument is the flow of 'money'.
\nWords may be loud, but money doesn't lie.<\/p>\n
And now, the big money in the world
\nNot the FOMC, not interest rates, not Powell
\n'Next $' \u2014 Looking at stablecoins.<\/p>\n
Money woven in code,
\nMoney that is faster, more transparent, and more borderless.
\nThat's the real issue right now.<\/p>\n
In the past, Powell's mouth was on interest rates,
\nNow is the time when algorithms and smart contracts dictate interest rates.<\/p>\n
The face of the dollar is changing,
\nOnly those who know the flow
\nQuietly, I'm moving first.<\/p>\n
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