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At 3 a.m., a bombshell statement sent shockwaves through the market. Although the official document has yet to be released, from White House records and media live streams, it's clear this speech was packed with information—touching on the Russia-Ukraine situation and the Venezuela issue. But what really set the crypto world abuzz was something else entirely.
The spokesperson, known for being "straightforward," once again targeted current Fed Chair Jerome Powell. This time, the language was even harsher: "Too hawkish, dragging down the economic recovery." Even more sensational, they revealed that 10 candidates have already been shortlisted, and the new pick will be announced "soon." Kevin Hassett from the National Economic Council was specifically named, and the public is speculating he’s the "dovish frontrunner"—which, for those in the know, signals rate cut expectations.
JPMorgan CEO Jamie Dimon's remark, "It's time to cut rates, America needs more liquidity," was repeatedly quoted. The spokesperson followed up: once this policy is implemented, assets like Bitcoin will "take off immediately." To top it off, they jabbed at the previous administration's quantitative easing: "They printed a ton of money, and ordinary people's pockets are still empty."
The market is already betting on it. If a rate-cutting cycle really begins, traders know exactly what increased liquidity would mean for the crypto market.