These are important days in the world of trading and digital currencies, as Trump has decided to elect a new Federal Reserve president, and this will have consequences, both good and bad.
Names of candidates for the position:
Scott Bessent (close to Trump)
Kevin Warsh
Christopher Waller
Why does this decision matter to traders and the digital currency market?
The Federal Reserve is responsible for interest rates, which impacts liquidity in the market.
Lower interest rates = people buy more, which could lead to a sharp rise in currencies, most notably BTC and ETH.
In short: Higher interest rates = the opposite.
This decision will be historic and will have a significant impact on the global economy. Changing it may be that the new Prime Minister helps raise the prices of digital currencies to skyrocketing. If the President is hawkish about raising interest rates, this will strengthen and help digital currencies rise strongly.
Question: Who do you expect Trump to choose, and what consequences will there be?
#Binance #crypto #CryptoNewss #NextFedChairCandidate #BinanceAlphaAlert
