13:45
Trump plans to announce the next Fed chair candidate before Christmas, with Treasury Secretary Scott Bessent presiding over candidate interviews.
Gate News bot, President Trump has stated that he intends to announce the next Fed chairman candidate before Christmas, and currently, Treasury Secretary Scott Bessent is conducting candidate interviews. Scott Bessent's responsibility is to discuss with well-known figures who may take on the role of chairman.
As expectations rise for a Fed chair candidate who may take a dovish stance, the market has experienced volatility. Historically, Trump's selections have tended to favor loose monetary policy, which means such a candidate could stimulate volatility in risk assets, including major cryptocurrencies.
BTC-4.34%

