The media has increasingly reported on the imminent replacement of Powell. The day before the meeting, the FT wrote that U.S. President Donald Trump will soon begin the final stage of interviews for the position of Chairman of the Federal Reserve.
The main candidate is considered to be White House economic advisor Kevin Hassett. He will have to compete with three other contenders.
It is believed that if Hassett is chosen, the Federal Reserve will begin to more aggressively lower the rate and focus on quantitative easing.
Let us remind you that ARK Invest has suggested that the return of liquidity to the markets and positive news from the Federal Reserve could contribute to the recovery of Bitcoin in December.#BTC
