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Trump’s ‘Phantom Fed Chair’ Plan Could Sideline Fed Chair Powell
Trump’s ‘Phantom Fed Chair’ Plan Could Sideline Fed Chair Powell
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BTCCSquare news:
President Donald Trump is rapidly reshaping the Federal Reserve's leadership, intensifying pressure on Chair Jerome Powell. New nominations suggest a strategic pivot that may marginalize Powell's influence. The move signals potential volatility in monetary policy, a critical factor for cryptocurrency markets.
While the article doesn't mention specific digital assets, such political developments often create Ripple effects across all financial markets. Cryptocurrencies typically react strongly to shifts in monetary policy expectations, as they're seen as either hedges against traditional finance or risk assets subject to broader market sentiment.
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