Trump's Fed Chair Pursuit: AI Predicts Bitcoin and Ethereum Price Surges
Trump's Federal Reserve Overhaul
President Donald Trump has intensified his calls for a Federal Reserve overhaul, expressing a strong desire to replace current Chair Jerome Powell.
Trump has publicly stated his consideration of four candidates for the position, citing Powell's reluctance to lower interest rates as detrimental to the U.S. economy.
Trump's Grievances with the Fed
Trump has been vocal about his dissatisfaction with Jerome Powell's leadership, particularly concerning interest rate policies.
He claims that each point the Federal Reserve keeps rates high costs the U.S. economy $365 billion.
Trump indicated that an announcement regarding a new Fed chair could be imminent, possibly by the end of the week.
Potential Candidates Emerge
During recent discussions, Trump revealed that his selection for the next Fed Chair is narrowing down to four individuals.
He cryptically referred to these candidates as "two Kevins and two other people," sparking speculation about their identities.
AI's Price Predictions for Bitcoin and Ethereum
Artificial intelligence has weighed in on the potential market impact of a new Fed chair appointment, particularly concerning the prices of Bitcoin and Ethereum.
The AI suggests that a move towards lower interest rates could significantly boost these cryptocurrencies.
Key Takeaways:
- Donald Trump is actively seeking to replace Federal Reserve Chair Jerome Powell.
- Trump believes high interest rates are costing the U.S. economy billions.
- Four candidates are reportedly being considered for the Fed Chair role.
- AI predicts a potential surge in Bitcoin and Ethereum prices if rates are lowered.
Market Impact on Cryptocurrencies
Lowering interest rates typically makes U.S. dollar-backed assets less attractive for investors.
This scenario could lead to a rapid rally for Bitcoin and Ethereum, as a shift in investor sentiment might trigger substantial price increases for both digital assets.
According to AI predictions, Bitcoin could potentially reach between $150,000 and $155,000 if the new Fed chair implements multiple rate cuts.
For Ethereum, the AI forecasts a price range of $5,200 to $6,800, especially given the increasing institutional interest and demand for the cryptocurrency.
Sources:
- Trump set to fill Fed board vacancy by week's end, has narrowed chair search to four
- Federal Reserve Vacancy Opens Door for Trump to Shape the Central Bank's Future
- Who Does Trump Want to Be the Next Fed Chair?
- 'The 2 Kevins' and the other potential picks Trump could name to replace Jerome Powell
- Trump’s Fed Chair Search Expands. Meet the New Contenders.
- Deep Learning and NLP in Cryptocurrency Forecasting: Integrating Financial, Blockchain, and Social Media Data
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