Scott Bessent to Interview Fed Chair Candidates: Impacts Expected on Markets

U.S. Treasury Secretary Scott Bessent will interview candidates for the Federal Reserve Chair position starting this Friday, a process expected to last into the following week. This move follows the departure of Jerome Powell and raises significant market uncertainty. The new chair’s decisions on interest rates, potentially impacting cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), are anticipated to influence market stability.