Trump calls out Greenspan-style approach: Strong growth ≠ inevitable inflation, will history repeat itself?

【Crypto】Trump recently declared that he hopes the next Federal Reserve Chair will operate like the long-term leader of the 1990s. His core logic is quite interesting—strong economic growth does not necessarily lead to inflation, nor does it always require rate hikes, as he believes the market has overreacted a bit.

Speaking of this historical figure, the story becomes complicated. In his early years, he chose to cut rates to stimulate the economy, then gradually raised them, while turning a blind eye to various high-risk assets. What was the result? The tech bubble inflated rapidly, the economy indeed prospered for a while, but the seeds of the 2000 internet crash had already been planted. Even more painfully, the prolonged low-interest environment afterward indirectly enabled the 2008 housing crisis.

The lesson from history is clear: loose policies can stimulate growth in the short term, but the costs may only become apparent years later. For participants in the crypto market, this logic applies equally—every policy shift can reshape the entire market ecosystem.