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The possibility of a violent bull market with the new Federal Reserve Chairman
On the prediction market Polymarket, the probability of Hassett being elected as the new Federal Reserve Chairman has risen to 86%, far ahead of other potential candidates for the new Federal Reserve Chair.
If nothing unexpected happens, Kevin Hassett will be the next Federal Reserve Chairman, Trump's favorite.
The actions of the Federal Reserve have always been an important factor influencing the cryptocurrency market. So, if Hassett ultimately becomes the new Federal Reserve Chairman as the market expects, what impact is anticipated on the market?
Accelerate interest rate cuts
Hassett stated at the end of November that pausing interest rate cuts at this time would be a 'very bad timing' because the government shutdown has already dragged down economic growth in the fourth quarter. He expects the government shutdown to lead to a 1.5 percentage point decline in fourth quarter GDP. Meanwhile, he pointed out that the Consumer Price Index (CPI) for September showed that inflation was performing better than expected.
If nothing unexpected happens, Kevin Hassett will be the next Federal Reserve Chairman, Trump's favorite.
The actions of the Federal Reserve have always been an important factor influencing the cryptocurrency market. So, if Hassett ultimately becomes the new Federal Reserve Chairman as the market expects, what impact is anticipated on the market?
Accelerate interest rate cuts
Hassett stated at the end of November that pausing interest rate cuts at this time would be a 'very bad timing' because the government shutdown has already dragged down economic growth in the fourth quarter. He expects the government shutdown to lead to a 1.5 percentage point decline in fourth quarter GDP. Meanwhile, he pointed out that the Consumer Price Index (CPI) for September showed that inflation was performing better than expected.
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