Trump said:
"Fed officials don’t talk much. Hassett is good at talking. He was good on TV, I want to keep him where he is."
@Cellula Re-poster #dusk $DUSK
Hassett was being seen as a potential candidate for the next Fed Chair and is known as a pro-liquidity, rate-cut friendly figure.
So when Trump hinted that Hassett would stay in his current role and not move toward the Fed, expectations for easier monetary policy weakened.
Markets reacted immediately:
Bitcoin dropped $1,300 (-1.32%)
Gold fell $80 (-1.78%)
Silver dumped ( -3.30%)
Nasdaq dumped ( -0.50%)
This was not random selling.
It was the market repricing lower chances of a more dovish, liquidity-friendly Fed leadership
