Regarding pressuring the Federal Reserve, Nixon is Trump's "model"
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The current market is focused on the conflict between Trump and Federal Reserve Chairman Powell, with Trump calling for interest rate cuts. Bank of America’s Hartnett pointed out that this is similar to the situation in 1971 when Nixon pressured the Federal Reserve. At that time, Nixon announced a new economic policy, leading to economic fluctuations. Although the market initially reacted negatively, the S&P 500 index rose by 11% a year later. If Powell is replaced, a similar scenario may unfold
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