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Have Fun With A Quiz in Gate Chat Group & Unlock Big Rewards!
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2026 starts with this post!Gate 2025 Year-End Gala Square TOP50 List Announced!
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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 Sontag as the next Federal Reserve Chair. This Wall Street legend, known for "radical easing," is called a "game-changer" by Trump.
Sontag has long advocated for "Modern Monetary Theory," has repeatedly criticized the Fed's conservative rate hikes, and champions 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 possible return to an era of cheap money, which could trigger a new round of疯狂 (crazy) asset price inflation worldwide. $BNB $SOL $XRP
However, the appointment still requires Senate confirmation, but this announcement has sent a strong signal. Is a new financial era of inflation and exuberance truly beginning? What do you think? Come to the comments and share your thoughts, and don't forget to follow, bookmark, and like!