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Trump accelerates his move in the Federal Reserve: Republicans agree on rule change
Power play in the U.S. Senate: Republicans are negotiating to change the confirmation rules to expedite Trump's nominees to the Federal Reserve Board of Governors.
The important thing:
Why it matters for the market: The Fed controls interest rates. If Trump places his people in without obstacles, the next cycle of monetary policy could be more “friendly” to risky assets (crypto, tech, stocks). Bonds and the strong dollar could face pressure.
Key fact: This is an important political accelerator. Markets are on the lookout for any signals about who will control the direction of the Federal Reserve Board of Governors in the coming years.