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Janet Yellen and Fed Chair Selection: Speculations and Facts

Janet Yellen and Fed Chair Selection: Speculations and Facts

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by Giorgi Kostiuk

2 days ago


Rumors that former U.S. Treasury Secretary Janet Yellen is involved in selecting a new Federal Reserve Chair are generating controversy and confusion. However, official sources do not confirm these claims.

Rumors about Yellen's Role

Claims suggest that Janet Yellen is reportedly involved in the Fed Chair selection process, meeting with 11 candidates including key economic figures. However, these assertions have been refuted by several verified sources.

Cryptocurrency Market and Fed Rumors

Despite the rumors, official channels indicate no significant market disruptions. Bitcoin, for example, shows steady performance with a price of around $111,166.53 and a 24-hour trading volume of $75,752,363,455.03, demonstrating its resilience to the Fed Chair speculation.

Conclusions and Future Observations

The lack of confirmation from serious financial players and official skepticism highlight the need for careful verification of information. Historical data confirms that major market swings occur only based on credible announcements.

While rumors about Yellen's potential role in selecting the new Fed Chair continue to circulate, the lack of confirmation from official sources minimizes any tangible market impact.

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