Cryptographic investor under study to fill the siege of the crucial Fed: report

US President Donald Trump has considered four people to replace Adriana Kugler, a member of the Governors of the Federal Reserve, after his resignation began to aim on Friday.

According to a Reuters report on Thursday, Trump weighed the economic advisor Kevin Hassett, the former governor of the Fed, Kevin Warsh, and two other people to replace Kugler by the end of the week. Whoever Trump appoints and is confirmed by the American Senate would have a significant influence on the country’s monetary policy, including federal interest rates.

Hassett, also director of the National Economic Council under Trump, revealed to have participation in Coinbase Global worth $ 1 million and $ 5 million in June. Warsh, who was governor of the Fed from 2006 to 2011, would have said that blockchain technology could benefit the American Central Bank with its payment systems.

“The Congress gave the Fed a monopoly on money,” Warsh said in 2018, according to the New York Times. “And if the next generation of cryptocurrencies looks more like silver and less gold – and less volatility associated with them so that they are not only a speculative asset, but could be a reliable unit – as a purely defensive case, I would not want someone to take this monopoly on my part.”

https://www.youtube.com/watch?v=gu3jr-ddtke

The inbound appointment follows Kugler’s resignation on August 1. No reason has been given for his departure.

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The rates of nourishing the American markets, including digital assets?

Trump clashed with the president of the Fed, Jerome Powell, whom he appointed during his first mandate. The president publicly challenged the independence of the Fed in the determination of federal interest rates.