๐จ Fed Shake-Up Ahead? Market Implications if Powell Is Replaced ๐๏ธ๐ฅ
Stephen Brown of Capital Economics warns that if Trump follows through on replacing Fed Chair Jerome Powell, we could see serious market turbulence:
๐ Dollar & stocks โ likely to drop
๐ Short-term yields โ decline
๐ Long-term yields โ spike
Even though Trump called the idea โhighly unlikely,โ a new Fed chair could be named before Powellโs term ends in May 2026. But donโt expect Trumpโs suggested 300bps rate cutโanalysts say that's not realistic.
๐ง Key takeaway: Leadership changes at the Fed = uncertainty for all markets, including crypto. Watch this space closely.
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