“Clearly Trump now has the whip hand in certain senses because he can replace an appointee in place of Miss Kugler.” – 01:08
Patrick L. Young, Chairman & Founder of Exchange Invest joins Remy Blaire to discuss the recent developments surrounding the Federal Reserve and the implications of Fed Governor Adriana Kugler’s resignation. With President Trump now having the opportunity to appoint a new board member, Patrick breaks down how this could shift the dynamics within the Fed, particularly regarding Chairman Powell’s position.
Additionally, Patrick touches on the new reciprocal tariff rate date of August 7 and its expected impact on the markets. Patrick emphasizes that while the markets are currently pricing in these changes, any unexpected developments could lead to significant shifts.
Finally, Patrick addresses the controversy surrounding CFTC nominee Brian Quintez, who is facing scrutiny over potential conflicts of interest. Patrick provides a fascinating perspective on the unfolding situation in Washington, D.C., and the implications for the crypto industry.