Mr. Stephen Moran has been nominated by President Donald Trump to be a member of the Board of Governors of the Federal Reserve (Fed).
Mr. Moran will replace Adriana Kugler, who resigned prematurely and was expected to hold this position until January 2026. The appointment adds positive expectations for the cryptocurrency market and the U.S. economy.
MAIN CONTENT
Mr. Stephen Moran has been nominated to serve on the Fed Board until January 2026.
Information related to Moran promotes a positive recovery in the Bitcoin and cryptocurrency markets.
The Fed is forecasted to cut interest rates around September 2025, supporting economic growth.
Who is Mr. Stephen Moran and what is his role in U.S. monetary policy?
Mr. Moran holds a Ph.D. in Economics from Harvard and was the Chairman of the Council of Economic Advisers. He is regarded as an experienced expert in macroeconomics.
President Donald Trump values Mr. Moran's capabilities, highlighting his exceptional expertise in economics since Trump's first term and continuing into the second term. Mr. Moran will join the Fed board, replacing Adriana Kugler until the end of January 2026.
His role on the Fed board may influence U.S. monetary policy, especially in the context of the need for interest rate cuts to stimulate economic growth.
Why does Mr. Moran's appointment positively impact the Bitcoin and cryptocurrency market?
The news of Mr. Moran's appointment coincides with the Bank of England cutting interest rates to 4%. This move strongly boosts the cryptocurrency market, especially Bitcoin, along with altcoins.
The cryptocurrency market closely follows positive sentiment reflected by gold prices, creating expectations for a parabolic bullish summer for cryptocurrencies globally.
The combination of changes in monetary policy and expectations for interest rate cuts has encouraged capital to return to cryptocurrencies, highly valued by many investors.
The restructuring of the Fed's leadership and the upcoming expectations about interest rate cuts will be a major driving force for economic growth and facilitate financial markets, including cryptocurrencies.
President Donald Trump, statement on Truth Social, June 2024
When does the Fed plan to cut interest rates and what is the impact on the U.S. economy?
The Trump administration has repeatedly urged the Fed to lower interest rates to support economic growth but has not succeeded in the past six months. Mr. Moran's appointment signals a more open policy in the near future.
The Fed is forecasted to implement an interest rate cut in September 2025, thereby lowering borrowing costs, encouraging investment and consumption. This will help provide additional momentum for the U.S. economy that is in the recovery phase.
Thanks to these forecasts, the financial market, especially cryptocurrencies, is receiving positive signals, boosting investors' optimism about the future.
What factors cause the cryptocurrency market to closely follow the Fed's policy changes?
Cryptocurrencies are sensitive to interest rate changes as they directly affect investment flows and market sentiment. When the Fed lowers interest rates, borrowing costs decrease, and capital tends to seek higher-risk investment channels like cryptocurrencies.
Additionally, the recovery of gold prices is also an indicator of the upward trend of risk assets like Bitcoin and altcoins. The market shows correlation with global monetary policy movements.
This explains why significant milestones related to the Fed, such as key personnel appointments or policy changes, quickly reflect in the volatility of the cryptocurrency market.
Frequently Asked Questions
What relevant experience does Mr. Stephen Moran have for the position at the Fed?
Mr. Moran holds a Ph.D. in Economics from Harvard and was the Chairman of the Council of Economic Advisers under the Trump administration.
How does Mr. Moran's appointment affect the cryptocurrency market?
This information creates expectations that the Fed will cut interest rates, helping the cryptocurrency market like Bitcoin recover and grow strongly.
When does the Fed plan to cut interest rates?
Forecasts suggest an interest rate cut around September 2025 to boost U.S. economic growth.
Why are gold prices related to cryptocurrency volatility?
Rising gold prices reflect investor sentiment seeking inflation-proof assets, often leading to investment flows into cryptocurrencies like Bitcoin.
What impact do interest rate policies have on cryptocurrencies?
Low interest rates stimulate risky investments, increasing the demand and price of cryptocurrencies in the global market.
Source: https://tintucbitcoin.com/stephen-moran-duoc-trump-bo-nhiem-fed/
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