Anyone who has followed the American economy knows that Mr.
President has always considered himself the "number one contributor" to economic growth.The unemployment rate is falling because it is unreliable; U.S. stocks rose sharply because they were unreliable; The better-than-expected economic growth rate is also due to unreliability.And once there is any fluctuation in the economy, the pot must be the back of the Federal Reserve.U.S. stocks plummeted because the Federal Reserve raised interest rates; Corporate layoffs are still due to the Federal Reserve's interest rate hikes.According to public information, since the new Fed Chairman Powell took office, Mr.
President has "bombarded" the Fed eight times, and he even said: "Every time we do something good, he (referring to Fed Chairman Powell) raises interest rates."
It's as if the hike makes him happy."
Perhaps it is particularly unreliable, such an intensive "shelling" makes the Fed a little unbearable.On the afternoon of November 8, East Coast time, Powell delivered a speech at a luncheon at the Economic Club of New York, claiming that interest rates are "currently neutral"!
This sentence gives the market an understanding that the Fed is not ready to raise interest rates for the time being!
After all, the chairman of the Federal Reserve said that the current interest rate is neutral.Since it is neutral, it belongs to the intermediate stage.If there were to be a rate hike, he would say that the rate is now low.If there were to be a cut, he would say that interest rates are on the high side.Now speaking of a neutral.The market's reaction was immediate.It took less than two hours after the media published his speech in this short private setting.U.S. stocks expanded rapidly, the U.S. dollar index fell sharply, U.S.
Treasury prices rebounded, and yields fell.In this short period of time.It's just a few hours, the world's largest capital market.The market value of the U.S. stock market has risen by almost $3 trillion!
$3 trillion!
99.999% of the world's countries do not reach this figure in terms of GDP!
But a word from one Fed chairman.It's so powerful!
Therefore, the glory of the world economic czar, the chairman of the Federal Reserve is enough to bear!
It is worth noting that just over a month ago, on October 3, Powell said that "there may be some way to go before the neutral rate".In just two months, Powell has changed his views on raising interest rates, is this really due to unreliable pressure?
If you really want to understand it that way.That's just hehe.American East Coast Time.It was about three o'clock in the afternoon.Federal Reserve Chairman Jerome Powell ended his official duties at the luncheon of the private economic club in New York.He sat unusually low-key in a black Cadillac sedan.The sedan made its way through the New York city traffic and finally stopped in front of a townhouse facing Central Park on New York's Upper West Side.When it comes to Manhattan, New York, many people think of the noisy Wall Street, the beautiful Statue of Liberty, and the Fifth Avenue of the Upper East Side, where the rich are gathered.However, in the depths of the bustling city, there is another area with a strong cultural atmosphere - the Upper West Side.Nestled on the banks of its most famous "Wall Street," the Upper West Side is a proud art mecca for New Yorkers.It is only separated from the financial street by one district, but it is shielded from the hustle and bustle of traffic.to the east is the boulevard of Central Park and to the west is Riverside Park; Restaurants and cafes are dotted around, where people usually sit with a book in the afternoon in the open-air café and watch the one-act ballet Lilac Garden at the Metropolitan Opera......
People say the Upper West Side has nothing to do with busyness, it's about being cozy.Upper West Side and Upper East Side.This is basically the most expensive area in the whole of Manhattan.Unlike the Upper East Side, which is dominated by commercial buildings and the kind of top-of-the-line condominiums, the Upper West Side is here.The kind of townhouses that are four or five stories high and thirty or forty feet wide, there are more of them!
The English name of this type of mansion is called townhouse, which is probably the meaning of townhouse when translated into Chinese.There are few true single-family homes on the Upper East Side and Upper West Side.This kind of looks very historical, and it is true, many of them are old houses built in the last century or even the 19th century, and there are not many independent villas in them.This kind of old house is expensive.And the closer you are to Central Park, the higher the price.This kind of house basically belongs to the kind of oldmoney family.Newmoney is on the East Coast and most of the people live in those penthouses!
Only real oldmoney would live in such a house.This house that Powell entered.It is this kind of oldmoney that lives in a kind of self-built house that is very similar to the fourth- and fifth-tier small cities in China, where the first floor is a store and the people live upstairs.It's just that of course it's more luxurious, the materials are more exquisite, and the design is more exquisite.But in terms of style, the two are really similar!"
Welcome!
Mr.
Powell!
”A middle-aged man greeted him with a smile on his face and shook hands with the chairman of the Federal Reserve."
Angel!
Your home is beautiful!
”Jerome Powell complimented, "Even if it's on the Upper West Side or the Upper East Side!"
Such a house is already considered a work of art!
”The middle-aged man who was praised proudly introduced, "This is the Casa de Sephorosa!"
In the second half of the 19th century, around the time of 1896!
Our ancestor Andrew, spent his life's worth of assets!
Bought the land and built the house!
”"After more than 100 years!
Casa Sefolosa has undergone three expansions and renovations!
The most recent time is menstruation in 1951 of the last century!
We can say without modesty that this house is a work of art and an antique!
It symbolizes the 200-year-old history of Sephorosa coming from Europe!
”When I reported my home.Europeans and Americans tend to be proud.The bloodline theory and bloodline theory here must be the most serious in the world!
Even in a country with a stricter hierarchy, in terms of family inheritance, it is actually not as important as those big families in the European and American world.A European-American.If she comes from a good background.Often when he reports his home, he will not be as proud and proud as Angel now.Jerome Powell nodded."
That's right!
Angel!
By the way, is Mr.
Adam at home?
”He asked with a polite smile."
Of course!"
One of the Fed's managers, Angel Sephorosa, laughed and said, "Father is inside."
He had prepared a bottle of red wine from 1911.This bottle of red wine was found in an old winery, and the label on it has long been broken, and I don't know where it was produced!
But it tastes really good, and I've only drunk it twice!
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All when he was at his happiest!
”"Haha!
Then I'll have to taste it!
”Talk and laugh.The two entered the ancient building.Leave Jerome Powell's driver, and two polite bodyguards at the door.On the first floor of the stately detached villa is a living room-style welcoming hall.There are very retro leather sofas on both sides, as well as a variety of ancient sculptures with a strong humanistic atmosphere.On both sides of the sofa.There are two spiraling staircases that lead to all six floors of the house.However, in the middle of the house, in this old style of single-family house, there is also a new elevator that looks more retro, but uses all kinds of high-tech new elevators.This old house in New York.Most of them have elevators!
For those who are honorable oldmoney, climbing stairs is good for the body.But apparently climbing the stairs every day looks no different from those mud legs.Not worthy of the identity of these oldmoney.Jerome Powell, who was actually here for the first time, took a look at all aspects of the welcoming hall on this floor.The first impression is ......
This kind of oldmoney family, as long as it is not ruined halfway.Basically, the background in all aspects, especially in antiques and works of art and so on, is really amazing.The various items in the reception hall on this floor alone, as far as his eyes could see.Almost all of them were antiques, and he even saw works by Picasso and Van Gogh among the few oil paintings hanging on the walls.In the company of Angel.Jerome Powell got on the elevator and went straight to the third floor.Outside the elevator on the third floor, there is a Chinese-style screen!
Above is the ink painting of flowers, birds, fish and insects in China, and the appearance is also very simple, and it looks like an antique.Bypass the screen.The two of them came to a study with an open door, and almost all sides of the study were three-meter-high closets.It was full of books.And in the center of the study, a majestic-looking old man with pale hair was standing behind a desk with a smile, looking at Jerome Powell and Angel."
Welcome!
Mr.
Powell!
”The old man laughed and walked out to shake Jerome Powell's hand."
Mr.
Adam!
Good afternoon!
”Jerome Powell didn't dare to hold it up, and shook hands with the old man with a smile.Adam Sephorosa.He is the contemporary head of the Sephorosa family in New York, chairman of the board of directors of the Federal Reserve Bank of New York, and the first shareholder.This identity, in the eyes of foreigners, is nothing.But to Americans, who pay a little attention to current events, the mere chairmanship of the Federal Reserve Bank of New York is staggering enough.What is the Federal Reserve Bank of New York?
Well......
It can be understood as one of the American versions of central banks, although there are as many as 12 such regional reserve banks in the entire federation.But the Federal Reserve Bank of New York is the largest of them all, and it also has the responsibility of overseeing 11 other regional Federal Reserve Banks!
Basically.The president of this bank, as long as he becomes it!
He will be a life member and vice chairman of the Federal Open Market Committee, which sets interest rates.In other words.In fact, the president of this bank has about the same power as the president of the central bank in Huaxia!
Adam Sephorosa is not the president, but he is the chairman of the board of directors of the Federal Reserve Bank of New York, the largest shareholder!
Even if there are hundreds of shareholders in this bank!
Even if his stake is only a small 7%, this stake is enough for him to control the bank!
In front of such an identity.Even Fed chairs like Jerome Powell have to be respectful.After all, the position of chairman of the Federal Reserve will be replaced, but the two identities of the chairman of the board of directors and the largest shareholder of the Federal Reserve Bank of New York have been the Sephorosa family for more than 100 years!
After shaking hands.Another simple greeting, such as what to eat at noon, what is the weather like in New York today, etc.Then sit down amicably.After sitting down.Jerome Powell groaned for a moment and decided to get straight to the point.He said directly, "Mr.
Adam!
What is the reason for you to invite me as a guest this time?
”That's straightforward enough.In the Chinese side or the East Asian cultural circle that pays attention to etiquette, it is easy for the host to be unable to accept the following.But over here.Although it is a little vulgar and a little direct, this way of talking is still acceptable.The old man smiled.Talked to Jerome Powell.Two hours later.Angel Sephorosa sent Jerome Powell away with a smile on her face.Jerome Powell waved at him in a friendly manner before getting into the ordinary black Cadillac sedan: "See you tomorrow!"
Angel!
”"See you tomorrow!
Mr.
Powell!
”Angel responded.Then he went back to his home.I came to the study on the third floor.He saw his old father and looked up at the closet to the west, where there was a pile of old books and scrolls.Angel knew, though.My father wasn't looking at the books, I was looking at a deep mark on a beam in the closet.It was a sign of being hit by some kind of hard object.I sighed inwardly.Angel said respectfully, "Father."
Powell is gone. ”"Uh-huh......" the old man squeezed through his throat.Angel stood silently for a moment.Finding that his father was still distracted, he couldn't help but say, "If you really miss him."
You can bring him back!
If I had said, I shouldn't have let him go to the West Coast in the first place!
What's good there?
It's hot, and it's a bunch of nouveau riche!
I've been there three times, and each time it's too hot to stand!
It's bad food, and the whole West Coast doesn't have as much food as a single district in New York!
No wonder we New Yorkers say it's a big rural area!
”"Hehe......"
Angel deliberately nagged, making the old man smile slightly, and finally turned around."
You go to work.I'm fine, just kind of miss Eve.How long has it been since the last time I went to see her?
I don't remember exactly, my head is a little foggy. ”"Mom?
The last time we went to see her was more than a month ago.Father, you are still young!
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That's unreliable, it's only three years younger than you!
”"Hehe......"
"Don't say so much!
Angel, let's go see her again tomorrow!
”"Okay.Father. ”Angel replied.However, he hesitated for a while, but he couldn't help but say, "Father, it's better to ......
Let him come back?
”