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BTCC / BTCC Square / Global Cryptocurrency /
Trump Signals Major Federal Reserve Shakeup, Excludes Scott Bessent from Chair Consideration

Trump Signals Major Federal Reserve Shakeup, Excludes Scott Bessent from Chair Consideration

Author:
Global Cryptocurrency
Published:
2025-08-05 15:18:02
8
2
BTCCSquare news:

President TRUMP has ruled out Treasury Secretary Scott Bessent as a potential successor to Jerome Powell as Federal Reserve Chair, signaling imminent changes to U.S. monetary policy. The decision comes alongside the unexpected early departure of Fed Governor Adriana Kugler, whose exit creates an additional vacancy for Trump to fill.

Market participants are scrutinizing these developments for potential impacts on financial regulation and cryptocurrency policy. While no direct crypto mentions surfaced in Trump's remarks, the Fed's future leadership could influence institutional adoption of digital assets. The administration's approach to monetary policy remains a key variable for BTC and other major cryptocurrencies.

|Square

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