๐จ Who Is the Next Fed Chair โ and Why Markets Care ๐จ
As markets face sticky inflation, rising debt, and political pressure, the question of who leads the ๐บ๐ธ Federal Reserve is becoming a major macro driver. This transition isnโt routineโthe next Chair inherits fragile trust, a bloated balance sheet, and markets hypersensitive to liquidity signals ๐ฐ.
A continuity pick may calm bonds and reinforce credibility. A politically aligned Chair could spark fears of interference, while a reform-minded leader may bring volatility alongside change. Uncertainty alone tightens financial conditions, boosting caution and volatility. When confidence in central bank independence weakens, alternative assets like crypto ๐ช often benefit. Markets are already pricing the riskโbefore any name is announced.$FRAX
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