🚨 Pro-Crypto Stephen Miran Sworn in as Fed Governor Ahead of FOMC Meeting

📢 Stephen Miran officially joins the Federal Reserve Board of Governors, replacing Adriana Kugler. His swearing-in follows a tight Senate confirmation vote of 48-47, and he will participate in today’s FOMC meeting, where a key Fed rate cut decision is on the table.

💡 Why this matters:

▫️ Miran is viewed as pro-crypto and a Trump ally, potentially influencing rate cut decisions that could impact the crypto market.

▫️ The market is pricing in a 100% chance of a rate cut: 96.1% for 25 bps and 4% for 50 bps (CME FedWatch).

▫️ Analysts see Miran, alongside Michelle Bowman and Chris Waller, as potential dissenters favoring a larger 50 bps cut.

▫️ Experts like former Fed Vice Chair Roger Ferguson expect a more moderate 25 bps cut, citing rising inflation and softening labor market data.

🌐 This move marks a significant shift in the Fed’s landscape, particularly for crypto investors watching monetary policy and staking yields closely.

🔍 What do you think—could Miran’s appointment tip the scales toward a larger rate cut, or will the Fed stick to a cautious approach?

#FederalReserve #FOMC #Crypto #StephenMiran #MonetaryPolicy

https://coingape.com/pro-crypto-stephen-miran-sworn-in-as-fed-governor-ahead-of-fomc-meeting/?utm_source=coingape&utm_medium=linkedin