The U.S. Federal Reserve, the main driver of global markets, is facing a major power struggle that could impact cryptocurrencies and beyond.1 🇺🇸💸
With the resignation of a prominent figure and an ongoing legal battle, President Trump is working hard to restructure the board.2 Here’s what’s happening:
Vacancies: The resignation of Governor Adriana Kugler has created an open position.3 Trump has nominated Stephen Miran, a strong economic ally, for the role.4 His confirmation hearing is a critical event worth following.
Legal Battle: A lawsuit challenges Trump’s attempt to remove Governor Lisa Cook.5 This case is expected to redefine the independence of the Federal Reserve.6
Interest Rates: The meeting on September 16-17 represents a potential showdown. As opponents continue to call for rate cuts, Miran's joining could shift the balance of power and disrupt the Federal Reserve’s cautious stance.7
The outcomes of these events could reshape U.S. monetary policy for years to come, affecting everything from inflation to market volatility. Stay alert! ⚡️
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