Breaking! The Federal Reserve's leadership change stirs up new waves, is Powell unable to leave?


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Brothers, big news! The matter of the Federal Reserve's leadership change has hit another snag. The originally confirmed successor to Powell, Kevin Warsh, suddenly had his confirmation hearing canceled. The reason is simple and critical—The White House hasn't prepared the materials yet.
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To put it plainly, Warsh's wife is from the Estée Lauder family; everyone understands how complicated the financial disclosures of such a wealthy family are, just divesting assets alone is enough to cause trouble. But that's only the surface reason; the deeper issue is that the big boss Tillis is still resisting. The old man has made it clear: if the Department of Justice doesn't drop the criminal investigation into Powell's overspending on renovations, he will block any nomination.
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This situation is quite delicate. Powell's term ends in May, and if the new leader isn't decided soon, according to the rules, old Powell will have to continue voting on the FOMC as a director. That could be a guaranteed position until 2028.

For us trading cryptocurrencies and derivatives, this isn't a bad thing. Uncertainty is the biggest benefit. As long as this palace intrigue of the Fed's leadership change doesn't end, monetary policy won't be recklessly changed, and Powell's path dependence actually makes market expectations more stable.

You should know, if Warsh really takes over, he's a tough guy advocating both rate cuts and balance sheet reduction at the same time. Now he's stuck on procedural issues, which actually protects risk assets.

Do you think Powell will be forced to stay, or will Warsh push through? Share your thoughts in the comments 👇
#美联储 #鲍威尔 #加密货币 #宏观经济 #比特币
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