🚨 BREAKING: Markets sold off sharply following fresh remarks from President Trump about the Federal Reserve and Kevin Hassett.

Trump stated:

“Fed officials don’t say much. Hassett is a great communicator. He was strong on TV, and I want to keep him right where he is.”

Hassett had been widely viewed as a possible contender for the next Fed Chair and is known for a pro-liquidity stance and support for rate cuts. Trump’s comments suggested Hassett may remain in his current position rather than move toward the Fed, cooling expectations for a more accommodative monetary policy.

The market response was swift:

$BTC : down $1,300 (-1.32%)

$XAU : down $80 (-1.78%)

Silver: plunged (-3.30%)

Nasdaq: slipped (-0.50%)

This move wasn’t indiscriminate selling—it reflected a rapid market reassessment of the odds for a more dovish, liquidity-friendly Fed leadership going forward.