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Trump has announced that he has selected a candidate for the Fed chair position, and the crypto market is waiting for the policy direction.
[Chain News] Trump just announced that he has already locked in his choice for the next Fed chairman and will reveal the name soon. As soon as the news broke, the market immediately began to speculate—after all, the direction of the Fed's monetary policy directly affects the liquidity of the entire financial market, and the crypto circle is even more sensitive. A change in personnel means that policies may shift, and interest rates and inflation expectations will need to be recalculated. Now we just wait for the official announcement to see whether the new chairman will be dovish or hawkish; this is no small matter for the crypto market.