Market Watchers Brace for Impact Amid U.S. Rate Drama
📉 Major shift in U.S. $TRUMP
monetary power politics — and it could ripple through global markets, including crypto.
Former President Donald Trump just removed Treasury Secretary Scott Bessent from his shortlist to replace Fed Chair Jerome Powell — after Bessent personally declined the role.
💬 “Scott’s great — but he’s happy where he is,” Trump told CNBC.
💼 Bessent will remain focused on high-stakes trade talks, including a key U.S.-China summit happening this week in Sweden.
🧠 New Names on Trump’s Fed Shortlist:
Kevin Warsh – Former Fed Governor, known for hawkish-leaning views
Kevin Hassett – Former White House economist, market-friendly
Two more candidates are being vetted — with Bessent advising from behind the scenes
⚠️ Why It Matters for Markets (and Crypto)
Trump continues to hammer Jerome Powell over “slow and stubborn” rate policy, accusing him of holding back U.S. growth.
🗣️ Trump has called Powell everything from a “numbskull” to a “complete moron.”
The Fed’s recent decision to pause rate cuts — despite growing economic uncertainty — has triggered internal dissent:
🧨 Waller & Bowman pushed for a cut
❌ Adriana Kugler just resigned, leaving a seat vacant
🕒 Trump plans to fill it within days — possibly with a 4-month interim pick to test a future Fed Chair
🔍 Crypto Angle: Why You Should Watch This
📊 Rate cuts = weaker dollar = bullish for BTC & risk assets
📉 A dovish Fed appointment could drive crypto inflows, especially if the market anticipates looser monetary policy ahead of the 2026 Fed transition.
🧩 Trump’s short-term appointment strategy may signal his intent to reshape the Fed before Powell's term ends — possibly paving the way for a pro-growth, pro-market, or even pro-crypto policy stance.
🧭 What's Next:
August 12: Key deadline in U.S.-China trade negotiations — may affect global markets and risk sentiment
New Fed pick incoming — will it be a crypto-friendly dove or a market hawk?
Stay tuned. The Fed chessboard is moving — and your crypto bags might feel it.
Want a chart breakdown or candidate profile comparison? Drop a 🟡 in the comments and I’ll make it happen.