Trump finally got what he wanted! The US Senate approves Kevin Walsh as Chairman of the Federal Reserve Trump never hides his criticism of Powell's "tight monetary policy" and hopes that Bush will take office and cut interest rates. The historical data is too frightening: On February 2018, Powell took office: BTC plummeted by 73.5% within the year Yellen takes office in February 2014: BTC falls sharply within the year -62.04% Now, Walsh takes over! Do you think he will immediately cut interest rates to rescue the market, or repeat the major collapse since his previous two terms in office? Federal Reserve, Bush, Trump cuts interest rates