Fed Chair Transition Uncertainty Amid Senate Delays

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2026-04-14 14:27:02

BTCCSquare news:

The nomination of Kevin as Trump's pick for Federal Reserve chair faces procedural hurdles as the May 15 deadline for Jerome Powell's term expiration approaches. Senate delays, tied to unresolved legal matters involving Powell, threaten a smooth transition. Senator Thom Tillis remains adamant about blocking final approval until a related federal case is settled.

Meanwhile, Federal Reserve Governor Stephen Miran downplayed inflation risks from geopolitical energy shocks, noting stable long-term expectations. "There's thus far no evidence that inflation expectations are higher," Miran stated, emphasizing the labor market's gradual cooling over three years. Energy-driven price spikes, he added, tend to be transient.

By:

Log in to Reply

Kraken Resists Extortion Attempt, Assures Customer Funds Safe

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.