Economists say the Federal Reserve chair nominee chosen by Trump may implement significant rate cuts
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Economist Robin Brooks predicts that Kevin Warsh, the Federal Reserve chairman candidate nominated by Trump, will implement rapid and significant interest rate cuts, possibly lowering rates by 100 basis points before the midterm elections. Robin Brooks, who previously accurately predicted Japan's fiscal issues, believes that a swift easing policy could lead to a weaker US dollar and drive up the cryptocurrency market. Later last week, the prices of bitcoin, gold, and silver fell as the market became concerned that Warsh might slow down the pace of rate cuts.
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