Trump says nominee Kevin Walsh likely to cut interest rates
U.S. President Donald Trump told reporters aboard Air Force One that his Federal Reserve chair nominee, Kevin Walsh, is a “high-quality” pick who he expects will win support from some Democratic senators and clear Senate confirmation. Trump said he anticipates that if confirmed, Walsh would lower interest rates, citing Walsh’s past interview remarks and other statements. When asked whether Walsh had personally promised to cut rates, Trump replied he would not and could not make such a claim. The article notes the statement’s market relevance but does not include new policy details or timelines.
Neutral
Trump’s comment that nominee Kevin Walsh would lower interest rates is politically significant but short on policy specifics. For crypto markets, expectations of lower interest rates can be bullish because easing monetary policy tends to weaken the dollar and raise risk asset demand, including cryptocurrencies. However, Trump’s statement is a projection rather than a confirmed policy commitment: Walsh has not been confirmed and made no public binding promise to cut rates. The immediate market reaction is likely to be muted or mixed — traders may price in a slightly higher probability of dovish Fed policy, supporting risk assets in the short term, but volatility could increase around the confirmation process and any Fed communications. Historically, similar political endorsements or nominee statements move markets briefly; sustained crypto upside requires confirmed policy shifts (Fed rate cuts or clear forward guidance). Therefore the overall impact is neutral: slight bullish bias if markets price in easier policy, but not strong enough to change medium-term fundamentals until confirmation or concrete Fed action.