Trump reshapes economic policy: Changes in the Federal Reserve and the Bureau of Statistics drive markets up
Trump accelerates the replacement of key economic officials following the sudden resignation of a Federal Reserve governor and the dismissal of the Bureau of Statistics commissioner. He aims to appoint supporters of interest rate cuts, raising the expectations for a reduction in September to over 80%. The markets reacted strongly, and cryptocurrencies rose to $3.83 trillion, also supported by improved trade relations with the European Union.