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Trump just FIRED the person who gave him EXACTLY what he needed to pressure Powell into rate cuts.
The level of self-sabotage here is actually insane.
Let me explain

2/12
The July jobs report was BRUTAL:
-Only 73,000 jobs added (expected: 100,000+)
- May & June REVISED DOWN by a massive 258,000 jobs
- Market went into free fall
Trump's response? Fire the messenger and call the numbers "FAKE"

3/12
But here's where it gets absolutely INSANE:
Trump has been begging Powell to cut rates for months. The Fed will only cut if:
Inflation hits 2% sustainably, OR
Labor market weakens significantly
Guess what? This "fake" data just handed him EXACTLY what he needed

4/12
The market IMMEDIATELY repriced rate cut odds:
September rate cut probability: 40% → 80%+
Dollar PLUNGED over 1%
Some analysts now calling for 50bp cut instead of 25bp
This data was Trump's GOLDEN TICKET to pressure Powell 🎫✨

5/12
Yet Trump literally said the person who produced this data "faked jobs numbers" to hurt Republicans and boost Kamala's chances.
Brother... this data is literally YOUR best argument for rate cuts. The cognitive dissonance is off the charts 🤯

6/12
Trump's exact words: "Jerome 'Too Late' Powell should also be put 'out to pasture'"
So let me get this straight:
Fire the person giving you data that supports rate cuts ✅
Attack the Fed Chair you need to actually CUT rates ✅
Make it make sense 🤔

7/12
The timing is UNPRECEDENTED:
Morning: Jobs report shows weakness
Afternoon: Markets crash, rate cut odds surge
Evening: Trump fires the BLS Commissioner
Markets don't even know if this is bullish or bearish anymore.
We're in uncharted territory

8/12
Here's the kicker: Trump accused McEntarfer (a Biden appointee) of manipulating data "for political purposes"
But if you're manipulating data to hurt Republicans... why would you create data that HELPS their rate cut argument?
The logic doesn't compute

9/12
What we're witnessing:
Independence of statistical agencies under direct attack
Data integrity being questioned in real-time
Markets trying to price in political interference with economic data
Fed facing pressure from multiple directions
This is not normal 🚨

10/12
The broader implications are MASSIVE:
How do markets trust future BLS data?
Will Trump appoint someone who produces "better" numbers?
Is this the new normal for economic data under political pressure?
What happens to Fed independence?
Buckle up, folks

11/12
Meanwhile, Powell is stuck between:
- Weak economic data screaming for cuts
- A president attacking the data AND him personally
- Market expectations for aggressive easing
- Questions about statistical integrity
Talk about an impossible position 😵‍💫

12/12
Bottom line:
Trump just fired the person who gave him the exact data he needed to pressure the Fed into rate cuts, while simultaneously attacking the Fed Chair he needs to actually implement those cuts.
We've officially entered the Twilight Zone of economic policy 🌀
What's your take on this absolute chaos?👇
What’s your take: is this a systemic crack in economic trust—or the Fed finally facing real leverage?
#TrumpTariffs #MarketPullback #ProjectCrypto