Bitcoin Eyes Volatility as Trump Pushes for Fed Majority After Moore Nomination and Cook Court Battle

COINOTAG News, August 31: The composition of the Federal Reserve Board is under scrutiny as legal action involving Tim Cook progresses. The seven-member Board currently includes Chair Jerome Powell, two Biden appointees (Jefferson and Barr) aligned with Powell, and two governors from Trump’s first term (Waller and Bowman) who supported July rate cuts. President Trump has nominated advisor Stephen Moore to fill the vacancy left by Cugler, and the Senate Banking Committee has scheduled a confirmation hearing next Thursday. If Moore is confirmed quickly, he could participate in the September Fed meeting, potentially raising the number of Trump-aligned governors to three. A court ruling allowing Cook’s dismissal and a subsequent nomination could alter the Board majority, but such a decision is not expected before September and remains contingent on formal procedures.

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