On June 6th, former US President Donald Trump revealed in a press briefing that the nomination for the upcoming Federal Reserve chair is imminent, emphasizing his clear insight into the prospective candidate. He highlighted that an effective Fed chair is expected to implement policies that could lead to interest rate reductions, a move closely monitored by financial markets. Additionally, Trump addressed inquiries regarding the potential reassessment of Elon Musk’s government contracts, indicating a comprehensive review of all agreements without immediate plans for direct communication with Musk. He expressed optimism about Musk’s performance at Tesla, underscoring the significance of stable leadership in both government and private sectors. This development is pivotal for investors tracking shifts in US monetary policy and its broader implications on the cryptocurrency market and economic landscape. (Source: FXStreet)
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