Trump reveals plan to replace the Fed chairman, criticizes Powell for not lowering interest rates.

[Coin World] Trump recently made another statement, indicating that he will announce the new Fed chair nominee early next year. He seems quite optimistic, believing that inflation will soon drop to the ideal level.

However, he has some criticisms of the current chairman Powell, bluntly stating that he did not lower interest rates when it was time to do so. Interestingly, he previously wanted Scott Bessenet to take this position, but the latter politely declined.

This matter has a significant impact on market sentiment—the direction of the Fed's monetary policy directly relates to liquidity and the pricing of risk assets. The crypto market has always been sensitive to expectations of interest rate cuts, so let's see if there will be any new moves next.