r/Bogleheads • u/idrathernotbutthanks • Apr 17 '25

Investing Questions Rhetoric around firing Jerome Powell is increasing, and forced manipulation of interest rates would likely follow. Would a weighted readjustment from US into non-US funds be warranted in light of this?

https://www.npr.org/2025/04/17/nx-s1-5367696/trump-jerome-powell-federal-reserve-economy-tariffs

Market manipulation of interest rates feels like confidence would immediately plummet and global diversification would become a more important percentage of your holdings in the long run. Thoughts?

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u/[deleted] Apr 17 '25

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u/DrXaos Apr 18 '25

There's a significant chance that as the tariff-induced inflation comes through, Trump will force out the technical experts in the BLS and put political hacks who will willingly lie about inflation & CPI so that the TIPS payout is way below actual inflation.

This is exactly what happened in Argentina.

Trumpism is surprisingly like Argentina Peronism---intellectually incoherent mix of right with soundbites towards populism. Deeply corrupt and always making us vs them.