US Treasury Secretary Scott Bessent Speaks About FED Chairman Nominee Kevin Warsh! “He Needs at Least a Year!”
US Treasury Secretary Scott Bessent commented on Federal Reserve chairman nominee Kevin Warsh.
US President Donald Trump has announced the successor to Jerome Powell, whose term as FED Chairman expires in May.
At this point, Trump nominated Kevin Warsh. While discussions continue about how Kevin Warsh will affect the markets, US Treasury Secretary Scott Bessent made important statements on the matter.
According to Reuters, Scott Bessent, speaking to Fox News, said that even if Kevin Warsh takes office, it could take up to a year for the Fed to decide on shrinking its balance sheet (quantitative tightening: QT).
Bessent stated that it would take at least a year to determine the direction of the Fed’s balance sheet in relation to a change in the reserve regime.
Bessent, also noting that Warsh would be a very independent Fed chairman, said, “How the Fed manages its balance sheet is up to the Fed. The Fed will probably need at least a year to determine its future direction to move away from the current reserve regime.”
As is known, during the global financial crisis and the COVID-19 pandemic, the FED significantly expanded its balance sheet (quantitative easing – QE) to lower long-term interest rates and increased its assets to $9 trillion by the summer of 2022.
Since then, through quantitative easing (QT), it has reduced this amount to $6.6 trillion by the end of last year. Despite this, it is still seen as a historically high level of assets.
Warsh, who served as a FED member from 2006 to 2011, argued that the FED should significantly reduce its holdings. However, President Trump is pressuring the FED to lower interest rates.
In contrast, experts point out that shrinking the Fed’s balance sheet (monetary tightening) tends to raise long-term yields, which is counterproductive. Therefore, it is predicted that a new Fed chairman will find it difficult to continue the balance sheet reduction process.
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{spot}(VANAUSDT)
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{spot}(BTCUSDT)
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{spot}(SOLUSDT)
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巨鲸操作(Whale Movements Alert)
ETH交易损失加剧<->高买低卖。再一次。交易地址0x8062在过去7天内进行了两次$ETH交易。两次交易都是高买低卖。
以$2,294买入2,132 $ETH,以$2,195卖出。亏损:$211,681。
以$2,095买入2,233 $ETH,以$2,023卖出。亏损:$160,911。
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NKN Token Surges 84% Amid Delisting Announcement, Trading Volumes Spike and Volatility Intensifies
NKNUSDT experienced substantial price volatility in the last 24 hours, with the current price on Binance at 0.0092 USDT, representing an 84.00% increase from the 24h open of 0.0050 USDT. The sharp price movement is primarily attributed to the announcement of its impending delisting on February 13, 2026, which triggered heightened trading activity and significant fluctuations as market participants responded to the news. Additional contributing factors include recent reports of bearish sentiment, technical breakdowns, and deposit/withdrawal suspensions on other exchanges, all influencing short-term trading dynamics.
Over the past day, NKNUSDT saw elevated trading volumes and price swings, with circulating supply around 797 million and market capitalization estimated between $4.08 million and $5.85 million. The asset remains highly volatile as traders react to the delisting announcement and associated market developments.