Explosive News! Trump is going to replace the Federal Reserve Chairman, is the crypto world about to welcome super easing?
Does anyone understand this? Trump suddenly announced he will nominate a new Federal Reserve chairman, directly dropping a bomb💣 on the global market!
Key point: The new chairman must be a 'die-hard fan of rate cuts', aiming to reduce interest rates to 1% or even lower! This move is too aggressive — on one hand, helping Americans lower their mortgage rates, on the other hand, relieving pressure on U.S. Treasury bonds, essentially cranking up the money printer and injecting a strong stimulus into the economy.
Now, the two hot candidates have gone crazy: former Fed governor Warsh is strongly backed by JPMorgan, with the probability rising to 47%; while Trump's confidant Hassett is still leading, with the probability solidly above 50%. The key is that both are doves, whoever takes office will have to cut rates, the difference is only in 'fast cuts' and 'faster cuts'!
It should be noted that the Fed has already cut rates three times in a row, and the dollar has long started to weaken. This personnel change is equivalent to giving double insurance to easing policies. For the crypto world, liquidity easing is the biggest benefit, but previous rate cuts have also seen short-term adjustments; will this time be different?
The nomination is expected to be officially announced before Christmas or early next year, and the next few months are destined to be turbulent! Do you think this round of rate cuts can lead mainstream cryptocurrencies to break through previous highs? Or will they fall first and then rise? Come to the comments section to share your predictions👇 #MarketHotspots #LiquidityEasing
