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Bitcoin $89,578.74 -2.74%
Ethereum $3,045.42 -2.43%
BNB $884.06 -1.58%
Optimism $0.30 -6.68%
Arbitrum $0.20 -6.63%
Solana $132.73 -4.87%
Polygon $0.22 +2.77%
Cosmos $2.19 -5.77%
Avalanche $13.39 -6.99%

Arthur Hayes: Trump can check and balance Powell through his nominee for Treasury Secretary Scott Bessent

BitMEX co-founder Arthur Hayes posted on social media saying that Powell is not cooperating with Trump like he did with Biden. However, this doesn't matter because Trump's nominated Treasury Secretary Scott Bessent will balance Powell like "bad girl" Yellen.

Trump's team doesn't rely on the simple method of printing money by the Fed:

· End the trusteeship of Fannie Mae and Freddie Mac

· Devalue the US dollar against gold

· Relax the supplementary leverage ratio (SLR) exemption

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Arthur Hayes: Trump can check and balance Powell through his nominee for Treasury Secretary Scott Bessent

All Comments

Recommended for you

Economists expect the Federal Reserve to cut interest rates in December, with two more cuts possible in 2026.

Bank of America: Markets will soon digest expectations of a Fed rate cut in January.

He Lifeng held a video call with U.S. Treasury Secretary Bessant and Trade Representative Greer.

Hassett: No discussion with US President Trump regarding the Federal Reserve Chair (selection)

White House National Economic Council Director Hassett: It's Time for the Fed to Cautiously Cut Interest Rates

The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.

Social media platform "X" has been fined €120 million by the European Union for violating content regulations.

Sovereign Wealth Funds Were Buyers as Bitcoin Plunged: BlackRock's Larry Fink

Balancer DAO Starts Discussing $8M Recovery Plan After $110M Exploit Cut TVL by Two-Thirds

US investors consider crypto less as risk-taking drops: FINRA study

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