Trump announced that the FED Chair nominee will be revealed soon...

Although FED Chair Powell's term is set to last until May 2026, Trump is preparing to make a new appointment.

Cold winds continue to blow between Trump and Powell. Trump wants interest rate cuts, while Powell is resisting.

Interest rates are falling worldwide. Most recently, interest rate cuts occurred in the Eurozone as well. Powell, however, is not warm to the idea of interest rate cuts. In our opinion, Powell may have politicized the issue a bit.

Cryptocurrency investors are also waiting for interest rate cuts. With a FED rate cut, new ATHs in $BTC will occur. There will also be strong upward movements in the altcoin sector.

Trump does not have the authority to dismiss the FED Chair, but he will increase his pressures. Do you think Powell will be able to complete his term?

#Trump #Powell #Bitcoin #Altcoins