Market Watchers Brace for Impact Amid U.S. Rate Drama
đ Major shift in U.S. $TRUMP
monetary power politics â and it could ripple through global markets, including crypto.
Former President Donald Trump just removed Treasury Secretary Scott Bessent from his shortlist to replace Fed Chair Jerome Powell â after Bessent personally declined the role.
đŹ âScottâs great â but heâs happy where he is,â Trump told CNBC.
đŒ Bessent will remain focused on high-stakes trade talks, including a key U.S.-China summit happening this week in Sweden.
đ§ New Names on Trumpâs Fed Shortlist:
Kevin Warsh â Former Fed Governor, known for hawkish-leaning views
Kevin Hassett â Former White House economist, market-friendly
Two more candidates are being vetted â with Bessent advising from behind the scenes
â ïž Why It Matters for Markets (and Crypto)
Trump continues to hammer Jerome Powell over âslow and stubbornâ rate policy, accusing him of holding back U.S. growth.
đŁïž Trump has called Powell everything from a ânumbskullâ to a âcomplete moron.â
The Fedâs recent decision to pause rate cuts â despite growing economic uncertainty â has triggered internal dissent:
𧚠Waller & Bowman pushed for a cut
â Adriana Kugler just resigned, leaving a seat vacant
đ Trump plans to fill it within days â possibly with a 4-month interim pick to test a future Fed Chair
đ Crypto Angle: Why You Should Watch This
đ Rate cuts = weaker dollar = bullish for BTC & risk assets
đ A dovish Fed appointment could drive crypto inflows, especially if the market anticipates looser monetary policy ahead of the 2026 Fed transition.
𧩠Trumpâs short-term appointment strategy may signal his intent to reshape the Fed before Powell's term ends â possibly paving the way for a pro-growth, pro-market, or even pro-crypto policy stance.
đ§ What's Next:
August 12: Key deadline in U.S.-China trade negotiations â may affect global markets and risk sentiment
New Fed pick incoming â will it be a crypto-friendly dove or a market hawk?
Stay tuned. The Fed chessboard is moving â and your crypto bags might feel it.
Want a chart breakdown or candidate profile comparison? Drop a đĄ in the comments and Iâll make it happen.