Fed man Kugler go resign for Aug 8: Hawkish side fit press crypto
Federal Reserve Governor Adriana Kugler go resign for August 8, e go reduce di Board of Governors to six members and open one FOMC nomination spot. Her be key moderating voice for interest rates, her waka fit make di Fed shift balance go more hawkish policymakers, e go strong di USD and increase crypto market wahala. Traders suppose dey watch upcoming FOMC nominations, Fed meeting minutes and economic data like CPI and non-farm payrolls for clues on rate movement. If rate rise, e fit pressure digital asset dem, but if dem replace am with another dovish person, e fit keep di risk-on environment wey dey current crypto sector.
Bearish
Adriana Kugler resignation don comot soft voice from Federal Reserve Board of Governors, fit make dem go nomore hard person. If na hard person dem go choose, e fit make interest rate high and USD strong, tighten money movement and increase wahala for crypto market. For short time, rising rate fit put pressure for Bitcoin and other digital assets as investors begin to waka go safer things. For middle to long time, e go depend how im successor go take and the bigger Fed policy, but for now, crypto market look bearish.