White House Clears Up Fed Chair Rumor, Market Remains Stable

A rumor regarding a potential change in leadership at the Federal Reserve quickly dissipated after the White House issued a clear denial. This swift action helped to prevent major market disruptions and maintain stability across various financial sectors. The report initially emerged suggesting Treasury Secretary Besant was being considered for the role, though this claim has been firmly refuted by the White House. The absence of any substantial impact on the cryptocurrency market underscores the lack of influence this speculation had.