According to BlockBeats, U.S. President Donald Trump said he has someone ready to replace Federal Reserve Board member Cook. If this happens, Trump’s team will soon have a majority of seats on the Fed — the group that makes big decisions about U.S. money and interest rates.
Trump also mentioned that Milan could be given another job inside the Federal Reserve, one with a longer term. This would give his administration even more control for years to come.
Why does this matter? The Fed controls interest rates, inflation, and money supply — things that directly affect markets, banks, and even crypto prices. A change in the Fed’s balance of power can cause big reactions in global markets.
📉 Markets Be Like: “Uh oh… Fed drama again!”
🟠 Crypto Angle: Bitcoin & Ethereum could see more volatility as traders react to Trump’s Fed shake-up plans.
