Major political drama just hit the U.S. economic scene! Former President **Donald Trump** just dropped a bombshell: **Scott Bessent**, his Treasury Secretary, is **no longer in the running** for the next **Federal Reserve Chair**. This comes right as the pressure mounts on the Fed to slash rates — and markets are on edge. ⚖️📉
Trump $TRUMP told CNBC, “**Scott wants to stay where he is.**” That’s a wrap for Bessent, who’s now focused on **leading crucial U.S.-China trade talks** before the **August 12 deadline**. High stakes? You bet. 🔥
🚨 Who’s still on Trump’s radar?
➤ **Kevin Warsh** (former Fed Governor)
➤ **Kevin Hassett** (White House economist)
➤ Two mysterious, unnamed candidates 🤐
Trump’s been *ruthless* in slamming **Jerome Powell**, calling him “a numbskull” over delays in cutting rates. The Fed just held rates steady — but there’s chaos behind the scenes. Some Fed leaders actually **wanted a rate cut**, and now there’s **division at the top**. Internal cracks are showing. 📊⚠️
To make things messier, **Fed Governor Adriana Kugler** just quit. Trump says he’ll **fill the seat for four months**, which sounds a lot like a **trial run for his next Fed Chair pick**. Game on. 🎯
Meanwhile, Bessent’s still **pulling strings** behind the curtain — helping vet future nominees while managing international trade talks. Don’t sleep on his influence. 🧠💼
👉 Bottom line:
**Markets are bracing** for volatility.
**Crypto investors**, keep your eyes wide open — **rate cuts, trade deals, and leadership shifts** are coming fast. The Fed is in play. 🧨
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