Just in, the Fed has completely flipped the script!
$BTC $ETH
Countdown to the Powell era. The Senate just confirmed: Kevin Walsh is taking the board seat, starting a 14-year term from February next year. Even bigger news—he’s set to replace Powell as the chair soon.
Who is Walsh? A hawk, the guy who resigned back in the day opposing QE2. But now he’s switched gears: he supports rate cuts, wants to reduce balance sheets, and thinks the Fed is too 'transparent'. He says the dot plot is nonsense and wants to implement a new playbook.
The market is in a tizzy. Inflation isn't under control yet, and now the Middle East is driving oil prices up; Goldman has pushed the rate cut expectations to after December. With a new guy in charge, will this spark inflation or burn the economy?
And there's more drama: after Powell steps down, he’ll stay on as a board member. Two former bigwigs in the same room—future meetings might just turn into a palace intrigue.
Walsh claims to 'maintain independence', but you can hear Trump backstage shouting for rate cuts. Do you believe it?
#美联储主席交接临近
Let’s chat in the comments: Can the new chair save the crypto space, or are we in for another major washout?
$BTC $ETH
Countdown to the Powell era. The Senate just confirmed: Kevin Walsh is taking the board seat, starting a 14-year term from February next year. Even bigger news—he’s set to replace Powell as the chair soon.
Who is Walsh? A hawk, the guy who resigned back in the day opposing QE2. But now he’s switched gears: he supports rate cuts, wants to reduce balance sheets, and thinks the Fed is too 'transparent'. He says the dot plot is nonsense and wants to implement a new playbook.
The market is in a tizzy. Inflation isn't under control yet, and now the Middle East is driving oil prices up; Goldman has pushed the rate cut expectations to after December. With a new guy in charge, will this spark inflation or burn the economy?
And there's more drama: after Powell steps down, he’ll stay on as a board member. Two former bigwigs in the same room—future meetings might just turn into a palace intrigue.
Walsh claims to 'maintain independence', but you can hear Trump backstage shouting for rate cuts. Do you believe it?
#美联储主席交接临近
Let’s chat in the comments: Can the new chair save the crypto space, or are we in for another major washout?