Reborn Wealth America

October 15, 2018.

Jerome Powell, who just took office in 2017, has had some headaches these days.

As the chairman of the Federal Reserve, this position has many honors and titles outside.

For example, "the czar of the world economy", "the emperor of the dollar", "the president of the dollar" and so on.

No matter where you go, you will be received like a head of state on the red carpet.The briefcase of the Chairman of the Federal Reserve contains the secrets of the "economic engine" of the United States and the world, and many people compare it with the nuclear button of the US President.

But these honors have little to do with Rom Powell for the time being.

Because these honors are accumulated in his predecessors and predecessors and former predecessors.

As the newly appointed chairman of the Federal Reserve, Jerome Powell has experienced less than a year.

Compared with this new and high-ranking position, Jerome Powell is more adapted to the position of the former Deputy Treasurer of the Old Bush Administration and the status of a Washington think tank.

When the world speaks of the Fed Chairman, the first thing that comes to mind is the retired old Jewish man Alan Greenspan.

Not him Jerome Powell!

Jerome Powell didn't say it on the surface, but there was some anger in his heart.

Because Greenspan is no matter how powerful he is, he has already retired from that position. Now sitting on it is him, in charge of the supreme power of a country's economy, and this right can even radiate to the whole world!

On the bright side!

He is the king of the world economy!

The American economy that Jerome Powell took over was a good time after a decade of bull market.

The overall American market, after the financial crisis in 2008, the economy in the past decade has almost been booming.In particular, the US stock market has created a culmination in the past century.

Simply put, in the eyes of the world, Jerome Powell took over the good situation Alan Greenspan left him.

Jerome Powell also admitted this.

But now his first challenge is coming.

Since October 2018.

The first is the decline in US stocks, the worst decline in a decade.

Then there is the futures market. In addition to the unexpected strength of gold, it also fell in a frenzied manner.

There is also a sweater war initiated by Mr. Unreliable, who is uneasy.

And the continued strength of the US dollar.

All kinds of trends are heralding the possibility of a financial turmoil.

Over the past half month, Jerome Powell has been really busy. Even the top of his head, which was already silver-haired, seemed to be a bit white.

Jerome Powell now feels Greenspan’s difficulty.

He has only been in office for more than a year, and he encountered this crisis. In fact, he was not as good as the previous ones, but he has become so exhausted.

If there is a financial crisis like the financial tsunami in 2008.

Jerome Powell didn't know if he could stand it.

Now I can't stand it, but I still have to go up.

The chairmanship of the Federal Reserve is not just honor, he also has responsibilities.

This morning, Jerome Powell of the Federal Reserve, as always, discussed with think tanks and other members and supervisors of the Federal Reserve on how to rescue the market.

How to deal with the financial tsunami and financial crisis that may be about to emerge.

One of the supervisors said: "The impact now is not as terrible as it was ten years ago! We have experienced the kind of despair after the fall of the Lehman brothers ten years ago. Compared with the present, it is almost like an elephant and The difference between a little ant!"

Another supervisor agreed: "It is true! The horror of that time, I still have lingering fears!"

Another somewhat bald executive pointed out: "This is not a financial crisis, this is not a financial tsunami, this is at best a small normal market downturn!"

A Fed think tank also agreed: "The stock market has not collapsed. The futures market is only temporarily down, which will not have much impact on the overall market at all!"

"..."

These Fed managers are arguing so much that Jerome Powell frowns!

Because they have been arguing for several days, they have not come up with a few good ideas, they will only make a fuss about cutting and raising interest rates.

The problem is that the impact of interest rate cuts and interest rate hikes on the overall economy is too strong, and will have a huge impact on the world. This is not so good a strategic weapon that is often used.

To raise interest rates is to tighten the currency.

To cut interest rates is monetary easing.

These are two diametrically opposed measures.

See them arguing so hard.

Jerome Powell couldn't help but said: "Apart from raising and lowering interest rates. Do you have any other good solutions?"

After all, it is the chairman of the Federal Reserve, who was pushed to the front desk by the Denon family to act as a manager.

Since he can sit in this position, it means that he has the support of almost all the American Dragonite families.

Although there is no prestige that Greenspan has accumulated over the years, it depends on the position of Chairman of the Federal Reserve.

Everyone still has to respect Jerome Powell.

Everyone stopped arguing.

The meeting was silent for a few minutes.

Until Jerome Powell couldn't help but want to say something.

Another Fed think tank sitting next to him couldn't help but whispered:

"This market downturn is actually very small for the overall market over the years... There are many ways to stop it. For example, we can learn from the practice of the Federal Treasury in 2008..."

Jerome Powell: "What to do???"

"We can ask Buffett. Let him do some operations we want him to do in the market, so that investors and the public can see the confidence of the market!"

"The stock gods are like this."

"Everyone's improvement to the market will definitely get a huge improvement!"

"At this level. Confidence is actually the most important thing, because the market hasn't jumped yet!"

Jerome Powell began to ponder when he heard the adviser proposed by the think tank.

This is a good idea.

The current market downturn is still within an acceptable range.The remedy that should be done is how to stop it.It is not yet time to save the city vigorously.

Let the wealth myth like Buffett stand up, it can indeed mention the great effect of boosting confidence.

In 2008, at the invitation of the then Finance Minister, Buffett did the same.

The effect is impressive.

It was just that another think tank raised an objection:

"It's really a good idea to ask Buffett to come out! But have you ever thought about the price?! Buffett is not so good to ask, even if it was in 2008, he did have the idea of ​​saving the market. But he is entering the rescue. At the time, he put forward his request, and it was finally met and obtained the benefits he wanted!"

"What will it be this time? Should we give him another bank?!"