BlackRock's top executive is gaining serious traction as a potential Fed Chair candidate. In a significant Thursday meeting, he's pushing an aggressive rate-cutting agenda—targeting 3% to ease pressure on small businesses, housing, and labor markets. Market expectations are shifting fast: his Kalshi odds have tripled overnight, jumping from 3% yesterday to 10% today. This signals growing confidence that his dovish monetary stance could shape the Fed's near-term direction. For crypto investors watching macro signals, this development matters. A 3% fed funds target would mark a substantial pivot from current policy, potentially reshaping risk appetite across traditional and digital asset markets. The move toward policy accommodation could influence capital flows more broadly.
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BlackRock's top executive is gaining serious traction as a potential Fed Chair candidate. In a significant Thursday meeting, he's pushing an aggressive rate-cutting agenda—targeting 3% to ease pressure on small businesses, housing, and labor markets. Market expectations are shifting fast: his Kalshi odds have tripled overnight, jumping from 3% yesterday to 10% today. This signals growing confidence that his dovish monetary stance could shape the Fed's near-term direction. For crypto investors watching macro signals, this development matters. A 3% fed funds target would mark a substantial pivot from current policy, potentially reshaping risk appetite across traditional and digital asset markets. The move toward policy accommodation could influence capital flows more broadly.