I just saw a heavy piece of news circulating in the community — Fed Chairman Powell may be resigning early.
On November 30, news circulated in the market that Powell would announce his resignation on December 1. Insiders revealed that he plans to officially announce this at an emergency meeting next Monday at 7 PM (Eastern Time).
What's even more explosive is that the White House National Economic Council Director Hassett is said to be ready to take over.
If this is true, the impact on the market could be significant. Changes in leadership at the Fed have historically triggered a chain reaction in the capital markets, and the crypto market is likely to fluctuate as well.
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SchroedingerMiner
· 6h ago
Is Powell really going to step down? Is this news reliable? It feels like every time it's just a lot of noise but little action.
If this really happens, BTC has got to da moon... no, maybe it will first take a hit?
With the Fed changing personnel, no one can say for sure what happens next, so let's just watch.
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WalletDivorcer
· 6h ago
The fake news is back again, every time they say Powell is going to step down, but what happened? He is still in position.
Let’s wait until December 1 for the official announcement. Right now these rumors are just trying to play people for suckers.
If Powell really was going to resign, BTC would have already surged to 30,000, but it’s still dragging, which means nothing is decided yet.
Hassett taking over? If a more hawkish person comes in, we definitely need to buy the dip, and hopes of rate cuts will be even more dashed.
Don’t be too quick to believe such news, wait for the on-chain data to speak.
Right now everyone is so hyped, what if it’s fake news, how high would your blood pressure be?
Fed changing personnel = crypto world whipsaw, I’ve seen this script a thousand times.
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GasOptimizer
· 7h ago
Is Powell really going to Rug Pull? If this is true, I'm going all in.
I just saw a heavy piece of news circulating in the community — Fed Chairman Powell may be resigning early.
On November 30, news circulated in the market that Powell would announce his resignation on December 1. Insiders revealed that he plans to officially announce this at an emergency meeting next Monday at 7 PM (Eastern Time).
What's even more explosive is that the White House National Economic Council Director Hassett is said to be ready to take over.
If this is true, the impact on the market could be significant. Changes in leadership at the Fed have historically triggered a chain reaction in the capital markets, and the crypto market is likely to fluctuate as well.