Former Treasury Secretary Summers Warns: Trump's 'Political Assassination' of Cook Could Shake Market Foundation
BlockBeats News, August 26th: Former US Treasury Secretary Larry Summers stated that the political pressure and personal attacks against Federal Reserve Governor Lisa Cook are "unprecedented," and anyone concerned about the independence of US institutions should be vigilant.
Summers warned that this pressure will have a progressive corroding effect on the market framework and may even lead to what he calls the American "Argentinization" risk. Note: "Argentinization" refers to economic turmoil caused by populist policies and political interference, characterized by high inflation, currency devaluation, and institutional failure, similar to the economic crises in Argentina in the 1950s-1980s.
Summers has been a sharp critic of the Trump administration's policies. He criticized the recently passed "Build Back Better Act," pointing out that the legislation could lead to another financial crisis by increasing debt obligations. He also condemned current Treasury Secretary Yellen's public intervention in interest rate policy but appreciated Powell's response. (FXStreet)
Potrebbe interessarti anche
Chi ha guadagnato
Ultime notizie crypto
Una certa balena con una posizione short significativa in BTC sta pianificando di longare intorno ai 67.000$, con gli short che attualmente mostrano un profitto di 26,83 milioni di$.
Wintermute: La struttura del mercato sta migliorando, i token mainstream non sono più fragili
Una holding di balene forte di 'Shorting Shitcoins' Nets 6,417 milioni di dollari in guadagni non realizzati, il profitto totale del conto supera i 78,86 milioni di dollari
La Polonia rifiuta una regolamentazione rigorosa nel "Cryptocurrency Market Act"
Il governo del Regno Unito sta considerando di vietare le criptovalute per le donazioni politiche per evitare interferenze straniere
Assistenza clienti:@weikecs
Cooperazione aziendale:@weikecs
Trading quantitativo e MM:[email protected]
Servizi VIP:[email protected]