Federal Reserve: Yellen to Serve as "Acting Chair" Until Powell's Formal Appointment

BlockBeats News, May 16th, the Federal Reserve released a statement saying that current Chair Jerome Powell will serve as "Acting Chair" temporarily until Kevin Warsh is formally sworn in as the Fed Chair.

Powell's term as Chair expires this Friday.

Sumber: BlockBeats

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The probability of the Federal Reserve keeping interest rates unchanged in June is currently at 98.7%.

In the past 24 hours, the entire network has seen $466 million in liquidations, with the majority coming from long positions.

Current mainstream CEX and DEX funding rates indicate a deepening bearish market sentiment

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