Federal Reserve News: Trump Hints at Significant Rate Cuts, New Fed Chair Expected to Join Rate-Cutting Camp

Reported by Bijie Network: President Trump has pledged to appoint a new Federal Reserve Chair, signaling a significant rate cut in the future. The market generally favors Rick Rieder from BlackRock, who supports a 100 basis point rate cut. Although the Federal Reserve is expected to keep rates unchanged today, the dovish outlook has weakened the US dollar and pushed gold prices to a historic high above $5,200. Bitcoin prices have retreated to around $88,000, as traders assess the long-term impact between potential monetary easing and the Fed's current cautious stance.