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Buffett: US Fiscal Policy is My Greatest Concern

BlockBeats News, May 3rd, Buffett stated that the U.S. fiscal policy is my biggest concern. There may be events in the U.S. that will make us want to hold a significant amount of other currencies. (Xinhua News Agency)

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Federal Reserve Chairman Powell is facing a serious policy dilemma: under immense government debt and political pressure, the Fed has had to abandon its independence and anti-inflation stance. Instead, it has resorted to measures like quantitative easing to finance the government, creating a situation of "fiscal dominance" similar to the Volcker era of the 1970s. This foreshadows the Fed's need to reinitiate loose monetary policy, which could potentially drive up the prices of assets like Bitcoin.
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