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$KWC
With Powell exiting in May, Wall Street is already sweating the Kevin Warsh era. Trump nominated him to explicitly bring the Fed "closer to the White House" and push rates down. The ironic part? When Warsh was on the Fed board from 2006 to 2011, he was famously known as a strict inflation hawk. The 2026 monetary policy mental gymnastics of an inflation hawk being ordered to act like a dove are going to be a gold medal event. 🤸♂️💸
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Mayhem mode has ended, either the 24-hour window expired or the SOL reserves were depleted.