Trump Open to Keeping Jerome Powell as Fed Chair ๐คฏ
In a surprising turn, former President Donald Trump has indicated he may reconsider removing Federal Reserve Chair Jerome Powell if re-elected.
๐ง Key Context:
Trump had previously criticized Powell over interest rate hikes
However, with rate cuts now on the table, Powellโs more dovish stance could align with Trumpโs pro-growth agenda
This shift may signal a broader strategy to support market stability ahead of the 2024 election
๐ Why This Matters for Crypto & Markets:
1. Continuity at the Fed = less volatility for equities and crypto
2. A dovish Powell could be a bullish catalyst for risk assets like BTC and ETH
3. Trumpโs softer rhetoric may be a strategic move to win over Wall Street and institutional investors
๐ง This is a developing story โ but it signals a potential macro pivot that could benefit the broader markets.
๐ Stay sharp and monitor Fed-related narratives closely.
โ
XRP: $2.0833 (โผ -2.45%)
FUN: $0.00709 (โฒ +35.66%)
#MacroMoves #FedWatch #PowellVsTrump #CryptoMarkets