The recent energy price hike has precisely hit the mark, making the power transition at the Federal Reserve unusually bizarre. Waller initially wanted to distance himself from his predecessor, but now the probabilities of raising or lowering interest rates are deadlocked at fifty-fifty, leaving the newly appointed chairperson in a difficult position.

This situation does feel a bit familiar. Seasoned veterans may remember back in '08, when oil prices surged, Waller firmly believed that inflation was the number one enemy and wanted to raise rates, but that mindset completely clashed with Trump’s appetite for easing. Now, the macro-level liquidity expectations are in disarray, and it’s quite challenging for the market to remain unscathed in the short term, likely to be repeatedly rubbed against this uncertainty. Should one listen to the president or the oil prices? Waller, before even starting the job, probably already has a headache.

Do you think this time will replicate the script from '08, or will the president ultimately come out on top? #FED #CPI #Warsh $BTC $ETH

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