The Federal Reserve Chair is about to change, and a market crash is about to begin?
Current Federal Reserve Chair Jerome Powell may be about to step down.
The change of the Federal Reserve Chair often comes with uncertainty in policy direction, as market participants lack sufficient information about the new chair's policy stance and decision-making style, which can lead to fluctuations in the stock market and shifts in investor sentiment.
Trump attempted to interfere with the independence of the Federal Reserve but was unsuccessful in directly firing Powell, and there is legal ambiguity regarding whether the president can dismiss the Federal Reserve Chair. Therefore, whether the Federal Reserve Chair will step down depends on the specific circumstances.
The change of the Federal Reserve Chair may also impact the exchange rate of the U.S. dollar. If the market believes that the new chair may adopt a more accommodative monetary policy or weaken support for the dollar, then the dollar may face downward pressure.
The 1575 long position bought this morning has already yielded nearly 5 times profit. Follow for more strategies shared daily.
