President Trump has decided on a nominee for the next Federal Reserve Chair, but has not yet announced the name, and has stated that the nominee must immediately lower interest rates. Treasury Secretary Scott Bessent believes that further rate cuts are crucial for promoting economic growth, while the market expects only two rate cuts in 2026. This nomination is critical to the direction of monetary policy; a dovish chair could support Bitcoin and risk assets through loose liquidity.
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President Trump has decided on a nominee for the next Federal Reserve Chair, but has not yet announced the name, and has stated that the nominee must immediately lower interest rates. Treasury Secretary Scott Bessent believes that further rate cuts are crucial for promoting economic growth, while the market expects only two rate cuts in 2026. This nomination is critical to the direction of monetary policy; a dovish chair could support Bitcoin and risk assets through loose liquidity.