After weeks of speculation, President Donald Trump has chosen Kevin Warsh to be the next chair of the Federal Reserve (the U.S. central bank). 🏦💸
Why is this news important to us?
1️⃣ Policy change: Warsh is known to have been a "hawk" (leaning towards raising interest rates), but he is now in line with Trump's vision to lower interest rates to stimulate growth.
2️⃣ Jolt in the markets: As soon as the news spread, we witnessed a noticeable drop in gold and silver prices 📉, as investors see Warsh as a relatively "stable" choice compared to other names.
3️⃣ Senate battle: The road is not paved with roses; the confirmation needs the approval of the Senate amid sharp political tug-of-war.
In short: We are facing a new phase of American monetary policy that could change the face of the global economy in 2026. 🌍
💬 Share your opinion: Do you think that the choice of "Warsh" will lead to a rate cut soon? And how will that affect your investments in gold or currencies? 👇
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