Bessent and Milan both send dovish signals, but the market may misread the message

It's highly unusual for both the Treasury Secretary and a Fed board member to call for a 150bp rate cut on the same day.

But look closely: Milan hints that Powell might step down after his May term — that's the key point.

If Powell leaves early, Trump will gain appointment rights to two board seats.

The Fed won't actually cut rates by 150bp in the short term, but the market will begin pricing in a more dovish Fed.

Pay attention to the Fed officials' statements next week — if other board members also start softening their tone, this narrative will hold.

$BTC currently at $89,891 might be the bottom area of this correction, but a breakout will require a clearer expectation of rate cuts.