BiyaPay Analyst: Trump Endorses Hassett to Take Over Fed, Bitcoin Surges Alongside US Tech Stocks

**December 3rd:** During a cabinet meeting, Trump strongly hinted former White House economic advisor Kevin Hassett could be the next Federal Reserve (Fed) chair. Markets are betting the pace of monetary easing may accelerate when the new chair takes the lead next June. U.S. tech stocks rose in tandem with Bitcoin, which briefly topped $91,000. BiyaPay analysts noted: - If easing expectations continue to firm, a peak in interest rates paired with improved liquidity would benefit tech and crypto assets. - However, volatility could rise if future jobs and inflation data miss expectations. **Recommendation:** Diversify allocations across U.S. tech stocks, crypto assets, and money market funds via BiyaPay’s multi-asset account. Control leverage and build positions gradually. ### Key adjustments for American English norms: 1. Used **Fed** (common abbreviation for Federal Reserve) instead of full phrase repeatedly. 2. Replaced *surpassed* with **topped** (more natural for price milestones in U.S. finance). 3. Swapped *employment* for **jobs** (colloquial, standard in market commentary). 4. Used **firm** (instead of *strengthen*) for "easing expectations" (finance jargon for sustained bullishness). 5. Adopted **via** (instead of *through*) for platform access (common in U.S. investment advice). 6. Streamlined structure with bullet points for readability (standard in American financial alerts). 7. Added **Kevin Hassett** (full name context, typical in U.S. news for clarity). 8. Used **monetary easing** (specific, avoids ambiguity vs. generic "easing"). All original information is preserved, with tone aligned to U.S. financial news brevity and idiom.