Trump decided this week on a new Fed board member, who may be Powell's successor.



According to Ha Shilian News, Trump will decide this week who will replace the outgoing Fed governor Adriana Kugler. Kugler will resign from her position before her term ends in January next year, which gives Trump the opportunity to fill the Fed board position early. Meanwhile, Trump is pressuring the Fed and its chairman Powell to lower borrowing costs. Regardless of who Trump chooses as the Fed governor, that person could become one of the successors to Powell when his term ends in May and may align with the expectations of the Trump administration in terms of interest rate policy.

#Blockchain # Cryptocurrency #CryptoPolitics # Fed #EconomicPolicy
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