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‼️ Trump Pressures to Replace Fed Chair, Bessant Under Strain
‼️ In August 2025, Trump harshly criticized former Treasury Secretary Mnuchin on social media for recommending Powell as Fed Chair, accusing Powell of being slow to cut rates and causing huge losses. Current Treasury Secretary Bessant is searching for a successor and is under tremendous pressure. Trump wants the new chair to cut rates quickly, or else Bessant will be held accountable.
🚨 Trump seeks to appoint a dovish candidate, with Hassett as a top contender due to his policy translation abilities. Other candidates include Walsh, Waller, and Reed. Bessant emphasizes the Fed Chair has only one vote, but Trump continues to push for a replacement.
💎 In order to control interest rates, Trump has already appointed Milan to the Fed, attempted to sideline Cook, and repeatedly threatened to fire Powell. Candidates have voiced support for rate cuts, with Hassett saying borrowing costs will be reduced.
‼️ However, aggressive rate cuts may face internal and market resistance, possibly causing bond market turbulence. Bessant has broken tradition by publicly criticizing the Fed and advocating for reforms, such as requiring regional presidents to reside locally for three years. Whoever takes office is expected to drive changes at the Fed.
#加密市场观察 Trump’s New Crypto Policy #十二月行情展望
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