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 👏!
BTC-0.28%
View Original
post-image
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
  • 1
  • Repost
  • Share
Comment
0/400
AsterMattuvip
· 01-05 06:15
Happy New Year! 🤑
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt