๐ฅ James E. Thorne attacks Powell: "The Fed is failing with the economy!" ๐ฅ
Former Chief Economist of the USA James E. Thorne did not hold back in his statements, warning that Wall Street is shedding risky assets like $BTC , because the Fed is sitting idle. Thorne claims that interest rates should have been lowered in December as a precautionary measure, but Powell ignored the warning signs.
๐ Thorne's sharp criticisms:
๐ Relying on outdated data
๐ Ignoring immediate market signals
๐ Overplaying quantitative tightening
๐ Misinterpreting economic distortions
He even called the current open market committee one of the least effective in modern history. Cryptocurrency traders, prepare โ the Fed's inaction means more volatility for $BTC and other assets. ๐ฅ
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