The US Senate plans to vote on May 11 to appoint Kevin Warsh as the new head of the Fed, who will replace Jerome Powell on May 15 and lead the charge for aggressive rate cuts under Trump's economic policy.
The transition to Warsh, a supporter of dovish monetary policy, could trigger a sharp rally in risk assets (BTC, NASDAQ) on expectations of cheap liquidity. However, this also carries the risk of long-term inflationary pressures due to the Fed's loss of political independence.
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