Trump Nominates New Fed Chair, Influencing Economic Policy
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 3h ago- New Chair Nomination: Trump is set to announce a nominee for the new Federal Reserve Chair during a policy meeting in Washington, which could influence U.S. economic policy, particularly regarding interest rate expectations, thereby impacting global markets.
- Candidate List: Potential nominees include White House Director Kevin Hassett and Kevin Warsh, as Trump has expressed dissatisfaction with current Chair Powell's monetary policies, which may affect the independence of the Federal Reserve.
- Market Reaction: Financial markets are reacting strongly to the anticipated policy changes, with investors closely monitoring potential interest rate shifts that could affect borrowing costs and economic growth.
- Cryptocurrency Volatility: The cryptocurrency market may face risks under new policy directions, with Ethereum priced at $2,750.42 experiencing a 6.96% drop over 24 hours, reflecting the market's sensitivity to policy changes.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
