Who is Kevin Warsh? And why did Trump choose him to head the Federal Reserve?
🔹 Kevin Warsh is an American economist and former member of the Board of Governors of the Federal Reserve from 2006 to 2011, and is considered one of the prominent monetary figures on Wall Street.
🔹 He was nominated by Donald Trump to head the Federal Reserve, succeeding Jerome Powell, pending Senate approval.
🔹 His monetary stance: • A critic of excessive monetary easing and the Federal Reserve's budget inflation. • Tends to lower interest rates during economic slowdowns, but is considered more cautious about inflation. • Combines hawkishness and flexibility according to market conditions.
🔹 His view on the market: • Supports market stability more than speculative support. • Focuses on restoring the credibility of monetary policy. • Emphasizes the independence of the Federal Reserve despite his political closeness to Trump.
📌 Summary: Warsh is seen as a “balanced” option for the markets: less accommodative than Powell, and less confrontational than other candidates, with a potential approach that may be more supportive of growth if the economy slows.
Appointment of Kevin Warsh as the new Federal Reserve Chair = A big win for Bitcoin and cryptocurrencies 🚀
His statements: ▪️ “Bitcoin doesn’t trouble me” → Bitcoin is not a threat to the financial system or the US dollar ▪️ “Bitcoin is an important asset that can help guide policymakers” ✅
📈 A positive outlook that emphasizes the importance of Bitcoin as a strategic asset influencing monetary policy.
During periods of market fluctuations and pressures, the impact naturally reflects on the entire industry, including Binance.
As a global leader in this field, we always adhere to the highest standards, and we continuously work on development and improvement based on feedback from our community and the broader public.
Today, we take a new step forward: Binance will convert the SAFU fund reserve of stablecoins, valued at approximately 1 billion dollars, into BTC, with this process expected to be completed within the next thirty days.
Read the full statement here 👇 https://cf-workers-proxy-exu.pages.dev/ar/blog/community/7001232677846823071
Only one day left for the end of the red envelope campaign from Binance. Claim your share 👈تابع الحساب لكي تتلقى صناديق العملات الرقمية XRP يتم توزيع صناديق الهدايا كل يوم لا تفوت هذه الفرصة
Urgent: Bitcoin exits the list of the top 10 global assets by market value
The market value of Bitcoin has decreased, causing it to fall outside the list of the top 10 assets in the world, after being part of it for a long time alongside major stocks and commodities.
Binance announced that it will convert the SAFU fund reserve of 1 billion dollars from stablecoins to Bitcoin within a period not exceeding 30 days.
The platform explained that if Bitcoin's price volatility causes the fund's value to drop below 800 million dollars, Binance will add more Bitcoin to bring it back to the level of 1 billion dollars.$BTC
If you are one of the holders of $BTC Bitcoin at this time, which is witnessing a sharp collapse Do not sell out of panic, selling in this situation will lead to losses for you. Be patient, you will gain in the long term. Be confident in this; do not let short-term fluctuations distract you from your goals that you have been striving to achieve since your first BTC purchase $BTC .
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