Trump Applauds Mnuchin for Calming Markets as Mnuchin Declines Fed Chair Bid

According to COINOTAG News on October 28, President Trump praised Treasury Secretary Mnuchin for stabilising markets, describing his work as a great job that eased volatility in Treasury and FX channels. The report notes discussions about Mnuchin potentially becoming the Federal Reserve Chair, though Mnuchin has publicly indicated he is unwilling to accept the post, indicating a preference for policy coordination within the administration.

While no formal nomination has materialized, the chatter underscores how leadership debates at the central bank can shape liquidity expectations, funding costs, and risk premia across asset classes. The lack of a concrete decision keeps markets focused on macro signals and policy trajectories rather than immediate action.

For the crypto markets, such headlines highlight the sensitivity of risk assets to monetary-policy signaling. Traders should monitor central-bank rhetoric, rate outlooks, and liquidity conditions, recognizing that near-term volatility can rise even in the absence of official policy moves.