๐จ JUST IN: U.S. Treasury Secretary Scott Bessent confirms theyโre working to replace Fed Chair Jerome Powell in the coming weeks ๐บ๐ธโ๏ธ
๐๏ธ A nomination could come as early as this fall, well before Powellโs term ends in May 2026.
๐ Why it matters:
๐น A new Fed Chair could shift U.S. interest rate policy
๐น Trump wants a more dovish (pro-growth) Fed
๐น Market volatility likely as the transition draws near
๐ฅ This is a major shakeup for global markets โ and potentially bullish for risk assets like crypto ๐