🇺🇸 Trump Picks Kevin Warsh to Replace Jerome Powell as Fed Chair!
Pls check
#USPPIJump #WhoIsNextFedChair #MarketCorrection #USIranStandoff #ZAMAPreTGESale $BTC
BTCUSDT
Perp.
77,782.9
-0.98%
ETHUSDT
Perp.
2,296.17
-2.90%
BNBUSDT
Perp.
772.62
-0.32%
Publicar
Dropverse
·
--
🇺🇸 Trump Picks Kevin Warsh to Replace Jerome Powell as Fed Chair!
🇺🇸 Trump Picks Kevin Warsh to Replace Jerome Powell as Fed Chair!
The move follows years of tension between Trump and the Powell-led Fed. Trump has criticized Powell almost since his appointment in 2018, and last week hinted to CNBC that a decision was close before officially confirming Warsh.
Now, the nomination faces a difficult path. Republican Senator Thom Tillis has said he will block any Fed nominees until a Justice Department probe is completed, adding political pressure to an already sensitive process.
Economically, challenges remain. Inflation is still above the Fed’s 2% target, while the labor market is cooling, creating a “no-fire, no-hire” environment that complicates future policy decisions.
Markets, however, expect limited change. Traders are pricing in at most two rate cuts this year, with the benchmark rate likely settling near 3%, the level policymakers view as neutral for growth.
There is also uncertainty around Powell himself. Although chairs usually step down entirely, Powell still has two years left as a Fed governor and may choose to stay, potentially acting as a guardrail against political pressure on the Fed’s independence.
#USPPIJump #WhoIsNextFedChair #MarketCorrection #USIranStandoff #PreciousMetalsTurbulence $BTC $ETH $BNB
The move follows years of tension between Trump and the Powell-led Fed. Trump has criticized Powell almost since his appointment in 2018, and last week hinted to CNBC that a decision was close before officially confirming Warsh.
Now, the nomination faces a difficult path. Republican Senator Thom Tillis has said he will block any Fed nominees until a Justice Department probe is completed, adding political pressure to an already sensitive process.
Economically, challenges remain. Inflation is still above the Fed’s 2% target, while the labor market is cooling, creating a “no-fire, no-hire” environment that complicates future policy decisions.
Markets, however, expect limited change. Traders are pricing in at most two rate cuts this year, with the benchmark rate likely settling near 3%, the level policymakers view as neutral for growth.
There is also uncertainty around Powell himself. Although chairs usually step down entirely, Powell still has two years left as a Fed governor and may choose to stay, potentially acting as a guardrail against political pressure on the Fed’s independence.
#USPPIJump #WhoIsNextFedChair #MarketCorrection #USIranStandoff #PreciousMetalsTurbulence $BTC $ETH $BNB
Aviso legal: Se incluyen opiniones de terceros. Esto no representa una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.