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Former U.S. President Trump drops a financial "nuclear bomb" 💣 on Truth Social! He announced that if he wins the election, he will appoint David Sontoon as the next Federal Reserve Chair. This Wall Street legend, known for "radical easing," is called by Trump a "game-changer."
Sontoon has long advocated for "Modern Monetary Theory," repeatedly criticizing the Fed's conservative rate hikes and insisting on using bold liquidity measures to support economic growth. Trump even boldly stated that the Federal Reserve will become the rocket fuel for economic growth 🚀. Once the news broke, global markets instantly surged, gold prices soared by 2.1%, and Bitcoin also broke through the $92,000 mark.
Renowned economist Max Bernstein said this could be the most significant policy shift by the Fed in 40 years, signaling a strong return of cheap money, and global asset prices may usher in a new round of frenzy.
However, the appointment still requires Senate confirmation, but this announcement has already sent a strong signal. Is a new financial era of inflation and exuberance truly about to begin? Crypto friends, what do you think? Come to the comments and chat, and don't forget to follow, bookmark, and like 👏!