- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
Earn- More
Trump's Pressure on Fed 'Backfires,' Hawkish Candidate Warsh Overtakes Hassett
BlockBeats News, January 15th. After the US Department of Justice launched an investigation into Federal Reserve Chairman Powell, the situation shifted in the opposite direction of what Trump had hoped for. The probability of Powell staying on as chair until 2028 when his term ends in May has started to rise, and the odds of the next chair, a more hawkish candidate, Kevin Warsh, overtaking Hasset have increased. Trump may find himself in a game of wits with the Fed throughout the year.
Polymarket data shows that shortly after Powell's video response to the investigation on January 11th, the probability of him leaving the Fed board by the end of May or by the end of the year plummeted. Currently, investors believe the likelihood of Powell leaving the Fed by May 30th has dropped from 74% earlier this month to 45%, and the probability of his departure by the end of the year has slid from 85% to 62%.
The prediction market has also adjusted its expectations for Trump ally Kevin Hassett's nomination as the next Fed chair. With the news of the DOJ investigation spreading, Kevin Warsh, a more hawkish figure in the Fed chair candidate list, has gained more support on Polymarket, surpassing Hassett.
Policy analyst Dan Clifton stated that since last summer, there has been an informal agreement between Trump and Powell—if Powell agrees to leave the Fed when his term ends in May this year, Trump will no longer oppose the billions of dollars renovation project at the Fed headquarters. Trump had previously strongly criticized this renovation plan, but in the latter half of last year, his criticism of the Fed diminished. This bottom line was broken last Sunday, making it more likely for Powell to stay on as a regular board member at the Fed. Continuously attacking Powell personally may ultimately be a fruitless effort.
You may also like
Canadian Regulator Establishes Stricter Crypto Custody Standards to Mitigate Losses
Key Takeaways: The Canadian Investment Regulatory Organization (CIRO) introduces a Digital Asset Custody Framework aimed at enhancing the…
Bitmine Chair Tom Lee Brushes Off ETH Treasury Losses, Questions ETF Scrutiny
Key Takeaways Bitmine chairman Tom Lee defends the company’s Ethereum treasury strategy amid market downturns, citing long-term planning.…
Aave Goes All-In on DeFi, Shuts Down Avara Brand and Family Wallet
Key Takeaways Aave is consolidating under Aave Labs, phasing out the Avara brand and Family wallet. The shift…
American ‘Big Short’ Investor Michael Burry Warns of $1B Precious Metals Catastrophe if Bitcoin Keeps Slipping
Key Takeaways Michael Burry predicts a significant sell-off in precious metals if Bitcoin prices continue to decline. Bitcoin’s…
Best Crypto to Buy Now February 3 – XRP, PEPE, Dogecoin
Key Takeaways The crypto market recently saw a significant decline, considerably affecting Bitcoin and revealing the ecosystem’s dependency…
We Hacked Elon’s Grok AI to Predict the Price of XRP, Solana, and Bitcoin By the End of 2026
Key Takeaways Grok AI predicts significant bullish trends for XRP, Solana, and Bitcoin by 2027. XRP is projected…
Solana Price Prediction: RSI Screams Oversold at $100 – Is the Market About to Snap Back Hard?
Key Takeaways Solana’s RSI indicates an oversold condition, signaling a potential upward swing from the $100 level. Historical…
Vitalik Buterin Engages as Developers Add Frame Transactions to Ethereum’s Upcoming Upgrade
Key Takeaways: Ethereum developers are contemplating Frame Transactions as a headline feature in the upcoming Hegota upgrade, with…
Crypto Price Predictions for 3 February – XRP, Solana, and Pi Coin
Key Takeaways February is historically a strong month for Bitcoin, suggesting potential recovery for altcoins following a challenging…
Cathie Wood’s Ark Invest Ventures Into Crypto Dip With Strategic Bitmine and Circle Acquisitions
Key Takeaways Ark Invest’s Strategic Purchases: Cathie Wood’s Ark Invest capitalizes on a crypto slump by investing in…
Nevada Moves to Block Coinbase Prediction Markets Post-Polymarket Ban
Key Takeaways: Nevada regulators have lodged a civil complaint against Coinbase to halt its prediction markets. The state’s…
Asia Market Open: Bitcoin Decreases 3% To $76K As Asian Markets Follow U.S. Tech Selloff
Key Takeaways Recent market shifts saw Bitcoin decrease by 3% to $76,000 amid a broader tech sector decline…
Untitled
I’m sorry, but I’m unable to rewrite the article without the original text or content to reference. Could…
Moscow Exchange Plans Solana, Ripple, and Tron Futures as Crypto Index Suite Expands
Key Takeaways Moscow Exchange is set to broaden its cryptocurrency offerings by introducing futures for Solana, Ripple, and…
Bitcoin Price Prediction: Binance Acquires $100M BTC – Preparing $1 Billion Further Investment
Key Takeaways Binance is undertaking a $1 billion accumulation strategy, starting with a $100 million Bitcoin purchase. Their…
XRP Price Prediction: Ripple Backs the Tokenization of $280M in Diamonds on XRPL
Key Takeaways Ripple plans to enhance diamond investment accessibility by tokenizing $280 million worth of diamonds on the…
Galaxy Analyst Warns Bitcoin Could Drop to $63K Due to Ownership Gap
Key Takeaways Bitcoin faces a potential drop to $63,000 due to a significant gap in onchain ownership identified…
Cardano Price Forecast: ADA Reaches Critical Level That Previously Triggered Explosive Rallies—Will It Happen Again?
Key Takeaways: Cardano, after a significant liquidation event, is retesting a critical historical support level, creating an opportunity…
Canadian Regulator Establishes Stricter Crypto Custody Standards to Mitigate Losses
Key Takeaways: The Canadian Investment Regulatory Organization (CIRO) introduces a Digital Asset Custody Framework aimed at enhancing the…
Bitmine Chair Tom Lee Brushes Off ETH Treasury Losses, Questions ETF Scrutiny
Key Takeaways Bitmine chairman Tom Lee defends the company’s Ethereum treasury strategy amid market downturns, citing long-term planning.…
Aave Goes All-In on DeFi, Shuts Down Avara Brand and Family Wallet
Key Takeaways Aave is consolidating under Aave Labs, phasing out the Avara brand and Family wallet. The shift…
American ‘Big Short’ Investor Michael Burry Warns of $1B Precious Metals Catastrophe if Bitcoin Keeps Slipping
Key Takeaways Michael Burry predicts a significant sell-off in precious metals if Bitcoin prices continue to decline. Bitcoin’s…
Best Crypto to Buy Now February 3 – XRP, PEPE, Dogecoin
Key Takeaways The crypto market recently saw a significant decline, considerably affecting Bitcoin and revealing the ecosystem’s dependency…
We Hacked Elon’s Grok AI to Predict the Price of XRP, Solana, and Bitcoin By the End of 2026
Key Takeaways Grok AI predicts significant bullish trends for XRP, Solana, and Bitcoin by 2027. XRP is projected…
App