Amni Rusli
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amnirusli.bsky.social
Amni Rusli
@amnirusli.bsky.social
Quant, Economist. I write about the US monetary policy at eightateeight.substack.com and about trade at https://eighttradeeight.substack.com/ 🇨🇭
Transcripts from the Fed's 2020 policy meetings are out.

They cut rates to zero at the second straight emergency meeting on March 15.

Powell: "There is no useful purpose to be served in holding back today."

"W are not out of ammunition. Far from it." www.federalreserve.gov/monetarypoli...
2020
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
January 16, 2026 at 3:47 PM
"We could score this one to the Fed for its standing up to political intimidation, but the linchpin of the defense — Jay Powell — is out as Fed Chair in a matter of months, and there’s no sign that the President will ease up on the Fed."
stayathomemacro.substack.com/p/jay-powell...
Jay Powell isn't enough to save the Fed
Another week, another attack on the Federal Reserve from the Trump administration.
stayathomemacro.substack.com
January 16, 2026 at 12:32 AM
giftarticle.ft.com/giftarticle/... Jay Powell sent senators details on $2.5bn Fed project following testimony
Jay Powell sent senators details on $2.5bn Fed project following testimony
Letter seen by FT appears to undermine claims that chair of US central bank misled Congress over renovation
giftarticle.ft.com
January 13, 2026 at 8:53 PM
while for inflation to be tamed post-Covid shock, this Trump-reign-induced shock will take even longer.
January 12, 2026 at 6:23 PM
Would crazy, soaring living costs not force Trump to backtrack and demand rate hikes instead, to curb prices?

Or is the bet that the fallout lands squarely on the next president’s lap? If so, it will take forever for the Fed to wrestle high inflation back to 2%; if you think it took a
January 12, 2026 at 6:23 PM
low interest rates and expansionary measures, despite climbing inflation, fuelling runaway inflation and unanchored expectations that plagued the economy for years.

Now, picture a “Trump-dependent” Fed instead of a “data-dependent” one: rates stay artificially low, inflation spirals.
January 12, 2026 at 6:23 PM
Trump: "Anybody that disagrees with me will never be the Fed Chairman!"
December 23, 2025 at 6:38 PM
This is the most important part of Trump’s view bsky.app/profile/jc-e...
*TRUMP: ANYONE THAT DISAGREES WITH ME WILL NEVER BE FED CHAIRMAN

Great message for global markets/investors in dollar assets...
December 23, 2025 at 6:38 PM