Donald Trump is waging a "quiet and consistent war" on the Federal Reserve by reshaping the foundations of U.S. macroeconomic policy, according to Nigel Green, CEO of DeVere Group.
Stablecoins as a Weapon of Monetary Dominance
Yield-bearing stablecoins like tokenized Treasury bills create new demand for the dollar and play a pivotal role in Trump's economic policy. "This is transformative," Green says, noting their ability to offer yield to all levels of users.
Oil as a Lever of Inflation Control
Green argues that cheap oil serves as a tool for inflation control, keeping business costs low and reducing the need for central bank intervention. "Cheap oil fuels everything," he added.
Bypassing the Fed
By manipulating both demand through digital yield and supply with energy prices, Trump is crafting an alternative system of macroeconomic management. Green concludes: "He's building a parallel system. It's remarkably coherent."
As the 2024 election approaches, Trump's strategies may herald changes in U.S. monetary policy without altering Fed's leadership.
