Summary
- It was reported that President Trump presented immediate rate cuts as a condition for appointing the next Fed chair.
- "Solid Intel" said President Trump would demand rate cuts when nominating the Fed chair.
- It said there may be volatility in the investment market depending on the next Fed policy direction.
U.S. President Trump is reported to have presented 'immediate rate cuts' as a key condition in the selection process for the next chair of the Federal Reserve (Fed).
On the 9th (local time), virtual asset (cryptocurrency) breaking-news account Solid Intel reported, "Trump will make immediate rate cuts a requirement when nominating the next Fed chair."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
