Bullard dey open for Fed Chair role, e dey emphasize Fed independence
James Bullard wey be former St. Louis Fed President talk say e yarn last week with Treasury Secretary Bessent about how e fit get Fed Chair nomination. Bullard talk say e ready to accept Fed Chair if dem nominate am, as long as inflation target remain low and steady and dem respect Fed independence. E stress say any Fed Chair go hold central bank independence well well and work gidigba under Federal Reserve Act. Bullard also talk say President get right to talk about interest rates and e no go affect im mind if e hear different views. Im talk dey show say monetary policy go continue like that and make dem respect how institution work.
Neutral
Dis macro announcement no go likely make big movement for cryptocurrency markets. E dey confirm say Fed leadership fit continue and dem still dey committed to low, steady inflation and Fed independence. Past discussions about who go be Fed Chair no too affect market well-well as traders dey more focus on policy change, no be just nominations. For short time, crypto volatility go still dey linked to economic data and Fed rate decisions. For long run, if institutional stability dey, e go support consistent monetary policy wey fit reduce anyhow movement for risk assets, including cryptocurrencies.