In accordance with CoinRepublic, Donald Trump's recent comments about Jerome Powell's Federal Reserve chair appointment being signed with an autopen have led to speculation that a new chair could be named before Dec. 25. This potential change may influence interest rates and economic conditions, which could affect the crypto market. Kevin Hassett, seen as a top candidate for the new chair, supports early and aggressive rate cuts, which could increase money supply and potentially boost crypto prices. Hassett believes the U.S. economy can handle rate cuts without major risks due to strong wage growth and AI-driven productivity. If appointed, he may push for faster rate cuts than expected, which could benefit the crypto market by making borrowing cheaper and increasing liquidity.
Trump Autopen Claim Sparks Speculation on Federal Reserve Change and Crypto Impact
The Coin RepublicShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.