Back when Trump joked about 'cutting rates or getting sued,' Walsh might actually be raising rates this week After the August CPI report, the rate market has priced in an 86.3% chance of the Fed hiking rates by 25BP in September. The problem is, Trump wanted 'the lowest global interest rates,' but Walsh himself just went hawkish at Jackson Hole: if inflation doesn’t return to 2% faster, the Fed still has 'work to do.' Now he’s cornered himself. - Raising rates means directly opposing Trump’s demand for rate cuts for the first time since taking office. - Not raising rates would make the previous hawkish stance and anti-inflation credibility subject to market scrutiny. So this Wednesday’s FOMC meeting isn’t just about 25BP anymore. What the market really wants to see is how Walsh handles the pressure from the White House and whether the Fed can still make decisions based on its own logic. For $BTC, the 25BP hike might already be priced in, but the bigger volatility point could be how Walsh addresses the question of 'independence.' #FederalReserve #Walsh