U.S. Treasury Secretary Scott Bessent, a man whose job title sounds like a rejected Bond villain name, graced Fox Business with his presence to discuss-among other thrilling topics-Federal Reserve leadership, President Trump’s economic policies, and the ever-elusive “outlook for U.S. growth,” which economists define as “whatever makes stocks go up this week.”
Trump’s Thoughts on Kevin Hassett: A Masterclass in Clarity (Not)
Trump, never one to mince words (or, sometimes, make coherent sentences), weighed in on Kevin Hassett with this gem:
“Fed officials don’t talk much. Hassett is good at talking. He was good on TV. I want to keep him where he is.”
Translation: Hassett, who had been floated as a possible Fed Chair because he enjoys the radical policy of not whispering in dark rooms about interest rates, will remain exactly where he is-presumably near a camera. This shocking revelation sent prediction markets into a frenzy, proving once again that nothing moves money faster than a Trump offhand remark.
Bessent Drops the Fed Chair Timeline (Sort Of)
Scott Bessent, the man tasked with explaining Trump’s whims to the financial world, revealed that the administration had reviewed eleven whole candidates before narrowing it down to four-because why make decisions quickly when you can drag them out for maximum suspense? The final choice, Bessent assured us, will be based on who can “bring stability to the Fed,” which, given recent history, is like hiring a lifeguard for the Titanic.
In a stunning twist, Bessent confirmed that Trump will announce his pick someday-possibly before Davos, possibly after, possibly during a late-night tweetstorm. Markets, ever the optimists, are clinging to the hope that this will bring “clarity” to U.S. monetary policy, a concept as mythical as a balanced federal budget.
When asked about the recent Jerome Powell incident (because apparently, being Fed Chair now involves “incidents”), Bessent dodged like a politician at a tax audit. He did, however, call for more transparency at the Fed, quipping:
“The Federal Reserve has a special place with the American people. It has a lot of influence, but no real accountability. We need some sunshine here.”
Sunshine? At the Fed? Next, they’ll be asking for unicorns.
Prediction Markets Bet on Kevin Warsh (Until They Don’t)
After Trump’s Hassett comments, prediction markets-those delightful casinos for finance nerds-swung wildly toward Kevin Warsh, a former Fed Governor who is somehow both “more independent” and “less likely to cut rates aggressively.” Investors, torn between wanting stability and wanting free money, reacted as you’d expect: with panic.
Global Markets: Insert Crash Sound Effect Here
Markets, ever the drama queens, threw a tantrum after Trump’s Hassett remarks. Gold lost more than $500 billion in value (because nothing says “safe haven” like losing half a trillion in a day), Bitcoin whimpered, and U.S. stocks turned redder than a MAGA hat at a Bernie rally.
Bitcoin, that digital rollercoaster of despair, briefly flirted with $98,000 before remembering it’s Bitcoin and promptly correcting to $94,500. Because why hold gains when you can keep traders in a perpetual state of nausea?
(Not pictured: Anyone actually understanding what’s happening.)
Read More
- USD CNY PREDICTION
- Silver Rate Forecast
- EUR USD PREDICTION
- Gold Rate Forecast
- GBP MYR PREDICTION
- Brent Oil Forecast
- IP PREDICTION. IP cryptocurrency
- USD VND PREDICTION
- BNB PREDICTION. BNB cryptocurrency
- Dash Soars 20% on Privacy Hype! But Will It Crash or Keep Climbing? 🤔
2026-01-17 12:53