It's amazing how people still believe govts are central to everything, economy, markets, currencies, etc. They don't matter. Stimulus never stimulates (have to keep doing it over and over), FX interventions do nothing.
China is proving bazooka failure and India with FX. INR crashing right back to record lows again despite RBI with a major intervention barely two weeks ago.
So of course media says it's Jay Powell's fault. Everything is attributed to a govt one way or another. RBI doesn't matter. Jay Powell doesn't matter. The public sphere has to keep up the pretense even when it's plainly obvious this is all just theater.
This is the Euro$s world (for now) and everyone is along for the ride - esp central bankers. Who do you think actually makes Pringles?
Made from real Euro$s.
1.45K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.