Wealth Formula by Buck Joffrey

525: Is Trump’s Takeover of the Fed a Good Thing?

21 snips
Sep 21, 2025
Richard Duncan, an economist and author renowned for his insights on global financial systems, breaks down the current seismic shifts happening within the Federal Reserve under the Trump administration. He discusses how Trump’s influence could reshape monetary policy, promoting interest rate cuts and quantitative easing to flood the economy with capital. While this may boost asset prices and create perceived wealth, Duncan warns of rising inequality and potential risks to the dollar's value, painting a vivid picture of the financial landscape ahead.
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INSIGHT

Policy Shift Will Inflate Assets

  • Trump aims to bring interest rates down and use QE to drive bond yields lower, flooding the system with liquidity.
  • That policy would boom asset prices while weakening the dollar and widening inequality.
INSIGHT

Moran's Three-Step Trade Blueprint

  • Stephen Moran's paper outlines tariffs, threats, then pressuring allies to devalue the dollar (a 'Mar-a Accord').
  • Trump appears to be executing that three-step blueprint to re-industrialize the U.S.
INSIGHT

Trade Deficit Fueled Low Rates

  • The U.S. trade deficit drove global growth by exporting dollars that returned as capital inflows, lowering interest rates.
  • Cutting the deficit would remove that fuel and reduce foreign demand for U.S. bonds, pushing yields up.
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