Crazypeople
vip

Fed Chairman Powell May Resign! How Will Bitcoin be Affected by (BTC)?


Cryptocurrency investors have been arguing for a long time that the Federal Reserve should lower interest rates. Although U.S. President Donald Trump also displays a similar stance, Federal Reserve Chairman Jerome Powell is not backing down on this issue.

Recently, the U.S. Federal Housing Finance Agency published an official announcement. This short official document concerning the resignation of FED Chairman Powell caught the attention of all investors. Washington, D.C. – "The news that Jerome Powell is considering resigning has given me hope. I believe this would be the right step for America and that the economy will revive."
Currently, many people in the Trump Administration want Powell to resign. In the process ahead, Jerome Powell's departure from the FED will likely initiate interest rate cuts.

The new incoming name is expected to start direct interest rate cuts. In this scenario, the leading cryptocurrency Bitcoin (BTC) and the rises in altcoins may accelerate.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Share
Comment
0/400
Ryakpandavip
· 07-12 08:00
Hold on tight, we're taking off soon To da moon 🛫
View OriginalReply0
UID20131029vip
· 07-12 07:50
hodL 💵💵💵
Reply0
Crazypeoplevip
· 07-12 07:38
HODL Tight 💪
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)