🚨 BREAKING: Fed Shakeup Incoming? 🇺🇸
The U.S. Treasury has kicked off a formal process to replace Fed Chair Jerome Powell — nearly a year ahead of his term ending in May 2026.
📣 Treasury Secretary Scott Bessent confirmed the move, hinting that Washington is preparing for a leadership overhaul at the most powerful central bank on Earth.
🧠 Why It Matters:
Jerome Powell isn’t just any bureaucrat. He’s the man who:
• Engineered rate hikes post-COVID
• Sparked the 2022–23 risk asset meltdown
• Now faces political heat amid election season & recession risks
💣 The Search Begins:
A new Fed Chair = a new macro roadmap.
Will it mean:
• Softer stance on inflation?
• Pivot-friendly leadership?
• Or an even more hawkish regime?
🎯 For Traders:
Powell’s exit timeline just got real. Expect market tremors as shortlists, leaks, and policy rumors surface in coming months.
📉 DXY, bond yields, BTC, gold — all will dance to this tune.
🔥 Keep your eyes on:
• FOMC pressers
• Treasury appointments
• Election-aligned narratives
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