$ZKC
U.S. Treasury Secretary makes a major revelation! The next Federal Reserve Chair has 3 hard standards: downsizing, layoffs, and ending permanent QE
The global financial market is undergoing a major shift! Treasury Secretary Bessent publicly reveals the 'ultimate hiring standards' for the next Federal Reserve Chair: a must to reduce the Fed's functions, promote structural layoffs, and completely end the era of 'permanent quantitative easing (QE)', which directly stirs the nerves of the cryptocurrency market.
Bessent bluntly stated that the Fed's QE policy over the past 15 years has been an 'unequal engine', artificially lowering interest rates to boost asset prices, benefiting only the rich while leaving the ordinary public behind, forming a dual economy of 'asset holders vs. non-asset holders'. He emphasized that the next leader must use QE only as an emergency tool, rather than as a regular operation, while allowing the Fed to 'take a backseat', ending the market's excessive sensitivity to its statements.
Currently, the popular candidates have been identified, including Waller, Hassett, and Fed Governor Waller, all of whom agree on the traditional Fed vision of 'focusing on price stability'. Worth noting in the crypto space is that Hassett has always held a pro-crypto stance and has promoted the clarity of digital asset innovation and regulation, leaving room for imagination in the market. However, ending permanent QE means a long-term tightening of liquidity; previously, when the Fed stopped shrinking its balance sheet, the crypto market faced a $2.3 billion liquidation, with history possibly repeating similar logic.
Currently, BTC is fluctuating around $87,000, and ETH continues to face pressure at the $3,000 level. Is this 'big brake' in monetary policy the end of negative sentiment in the crypto market, or the beginning of new volatility? Can ETH break through key resistance with the favorable impact of the candidates?