Donald Trump's assertion that Jerome Powell's appointment as Federal Reserve chair was signed with an autopen has sparked speculation about a potential leadership change before December 25. This development could impact interest rates and economic conditions, influencing the cryptocurrency market. Kevin Hassett, a leading candidate for the position, advocates for early and aggressive rate cuts, which could increase money supply and potentially boost crypto prices. Hassett argues that the U.S. economy can sustain rate cuts due to strong wage growth and AI-driven productivity, potentially benefiting the crypto market by enhancing liquidity and reducing borrowing costs.
Trump's Autopen Claim Fuels Speculation on Federal Reserve Leadership Change
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