🟣 Trump Nears Final Decision on the Next Federal Reserve Chair
In notable remarks, U.S. President Donald Trump revealed that he has held intensive discussions with several economic figures regarding the selection of the next Federal Reserve Chair. He stated, “I think I know who I will choose,” while noting that certain pressures are preventing him from dismissing Jerome Powell at the moment.
Trump added that his final decision will be made before the Christmas holiday — a move that could have significant implications for the U.S. dollar and global markets.
🟡 Additional Statements from the U.S. Administration U.S. Commerce Secretary Scott Pessent confirmed that the president will soon meet with the final candidates for the Fed chair position before announcing the official name.
$BTC has fallen close to $96,000, pressured by a wave of capital outflows from high-risk assets and weakening expectations of U.S. interest rate cuts — adding further stress to the market.
📍 Volatility is extremely high right now, and what’s happening could be a healthy correction before any potential upward move.
🚨 Former President Donald Trump has recently announced new deals, including the purchase of bonds worth no less than $20 million, along with an additional investment of over $1 million in the bond ETF SPHY.