The post Trump’s Potential Fed Chair Nominee Stirs Market Concerns appeared on BitcoinEthereumNews.com. Key Points: Trump’s potential Fed chair nominee raises market concerns, impacting crypto assets. Survey shows 76% expect a more dovish Fed under Trump’s pick. Economic implications as Fed’s dual mandate faces potential challenges. President Trump is expected to nominate Kevin Hassett as the next Federal Reserve Chair, amid mixed market sentiments regarding his ability to maintain policy independence. Hassett’s potential nomination raises concerns about the Fed’s independence and its approach to interest rates, impacting macroeconomic conditions and cryptocurrency markets. 84% Surveyed Anticipate Hassett’s Nomination, Markets React Market discussions are intensifying as Donald Trump considers Kevin Hassett for Fed Chairman. A recent CNBC survey revealed that 84% of respondents expect Hassett’s nomination, but only 11% view him as the appropriate choice. This debate arises amid concerns about the Fed’s independence. Concerns are mounting regarding Hassett’s ability to uphold the Fed’s dual mandate of stable prices and maximum employment. Additionally, 51% believe the nominee may align more closely with presidential desires for rate cuts than endorse independent monetary policy. As Kevin Warsh, Former Fed Governor, stated, “The Fed must be cautious about straying too far into politics to maintain credibility.” The market reaction has been cautious, with both crypto and traditional financial sectors attentive to these changes. The future direction of the Fed could significantly affect interest rates, impacting borrowing costs and investment environments. Bitcoin Valued at $92,419.88 Amid Fed Concerns Did you know? In 2017, doubts surrounding Fed leadership transitions significantly affected crypto pricing, as seen when markets reacted rapidly to interest rate outlook changes. According to CoinMarketCap, Bitcoin (BTC) is valued at $92,419.88, exhibiting a market dominance of 58.51%. The 24-hour trading volume reached $66.94 billion, marking a 21.14% increase. Price movements over the past 90 days reflect a 19.03% drop. The circulating supply stands at 19,959,965 out of a… The post Trump’s Potential Fed Chair Nominee Stirs Market Concerns appeared on BitcoinEthereumNews.com. Key Points: Trump’s potential Fed chair nominee raises market concerns, impacting crypto assets. Survey shows 76% expect a more dovish Fed under Trump’s pick. Economic implications as Fed’s dual mandate faces potential challenges. President Trump is expected to nominate Kevin Hassett as the next Federal Reserve Chair, amid mixed market sentiments regarding his ability to maintain policy independence. Hassett’s potential nomination raises concerns about the Fed’s independence and its approach to interest rates, impacting macroeconomic conditions and cryptocurrency markets. 84% Surveyed Anticipate Hassett’s Nomination, Markets React Market discussions are intensifying as Donald Trump considers Kevin Hassett for Fed Chairman. A recent CNBC survey revealed that 84% of respondents expect Hassett’s nomination, but only 11% view him as the appropriate choice. This debate arises amid concerns about the Fed’s independence. Concerns are mounting regarding Hassett’s ability to uphold the Fed’s dual mandate of stable prices and maximum employment. Additionally, 51% believe the nominee may align more closely with presidential desires for rate cuts than endorse independent monetary policy. As Kevin Warsh, Former Fed Governor, stated, “The Fed must be cautious about straying too far into politics to maintain credibility.” The market reaction has been cautious, with both crypto and traditional financial sectors attentive to these changes. The future direction of the Fed could significantly affect interest rates, impacting borrowing costs and investment environments. Bitcoin Valued at $92,419.88 Amid Fed Concerns Did you know? In 2017, doubts surrounding Fed leadership transitions significantly affected crypto pricing, as seen when markets reacted rapidly to interest rate outlook changes. According to CoinMarketCap, Bitcoin (BTC) is valued at $92,419.88, exhibiting a market dominance of 58.51%. The 24-hour trading volume reached $66.94 billion, marking a 21.14% increase. Price movements over the past 90 days reflect a 19.03% drop. The circulating supply stands at 19,959,965 out of a…