🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
👉
What Will Happen If Fed Chairman Jerome Powell Leaves? Jefferies Chief Market Strategist Explained!
David Zervos, Jefferies' chief market strategist, stated in an interview on CNBC's Power Lunch program that a potential power struggle at the FED could have positive effects on the stock market.
According to Zervos, changes in the structure of the FED could result in a president who advocates for lower interest rates, which could create a positive environment for the markets.
Zervos reminded that the current FED Chairman Jerome Powell's term will end in the spring of 2025, stating that during this period, President Trump could appoint at least two new members. In this case, he pointed out that four members of the seven-member board of the FED would have been appointed by Trump. Zervos argued that the likelihood of this majority supporting a more "growth-friendly" economic agenda is high.
Zervos, who stated that the newly appointed FED chairman may adopt lower interest rates, cited the low interest rate policies of Alan Greenspan, who served in the 1990s as an example. "The risks Greenspan took at that time ultimately proved to be justified. The new chairman may also have a similar tendency to take risks," Zervos said, expressing that this situation could support risky assets like technology and growth stocks.
The program also noted that the markets' interest in Jerome Powell's statements has started to decline. Zervos stated that the lack of a significant reaction from the markets despite Powell signaling a rate hike in his latest press conference indicates this situation. "Markets are now starting to focus on who the next president will be and what he will do," he said.
Zervos also pointed out Trump's strategy of sidelining figures he disliked during his time in office, suggesting that Powell is being gradually sidelined in the same way. However, he noted that the markets are currently not making a significant distinction among the new presidential candidates, and that these names are only seen as potential for now.
*This is not investment advice.
Follow our Telegram group, Twitter account, and Youtube channel for exclusive news, analyses, and on-chain data! Also, download our Android and IOS apps to start live price tracking right away!