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Breaking! Fed Chairman Powell is reported to resign today, and Hassett may take over.



On December 1st, the capital market was hit with a major announcement: According to reliable sources on November 30th, Fed Chairman Powell is set to hold an emergency meeting today (Monday evening at 7 PM Eastern Time) to officially announce his resignation.

The market is circulating a key personnel change plan——if Powell resigns, it is highly likely that Hassett, the Director of the National Economic Council at the White House, will take over as the Chair of the Fed. This change may have an immediate impact on the US dollar index, interest-sensitive sectors of the US stock market, and the global commodity market. Close attention should be paid to subsequent official announcements and market reactions. #BTC
BTC1.36%
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