FED LEADERSHIP CHANGE = EXPECTATION SHIFT

Markets don’t wait for policy changes — they react to who might set the tone. A potential new Fed Chair matters less for the first decision and more for the framework they bring to rates, liquidity, and financial stability.

What traders will watch immediately:

• Early rhetoric on inflation vs growth

• Willingness to tolerate easier financial conditions

• Signals on balance sheet and liquidity management

Why this matters for risk assets

Leadership changes reshape forward expectations. Even before any vote or cut, yields, the dollar, and crypto begin positioning for what could come next.

For Bitcoin and crypto:

Crypto often responds to expectations of future liquidity, not confirmation. That makes this a sentiment-building phase, not an execution phase — yet.

Key takeaway:

Personnel changes move markets before policy does.

Watch the tone.

Watch the market’s reaction.

That’s where the signal forms.

#FederalReserve #FedWatch #Macro #MonetaryPolicy #Liquidity #Bitcoin #CryptoMarkets