Trump to name new Fed chair soon: Here are the candidates

The post Trump to name new Fed chair soon: Here are the candidates appeared on BitcoinEthereumNews.com.

The timeline for when President Trump will name a new Federal Reserve chair is uncertain. Jerome Powell, the current chair, will end his term in May 2026, and Trump is reportedly preparing to announce a successor soon, according to U.S. Treasury Secretary Scott Bessent. Summary Trump is expected to announce Jerome Powell’s successor before Christmas, accelerating uncertainty around future Federal Reserve policy. Bitcoin and broader markets are reacting to expectations of rate cuts and Trump’s pro-crypto stance, with analysts noting strong historical links between Fed decisions and crypto performance. Kevin Hassett has emerged as a leading candidate for Fed chair, raising questions about how a potentially crypto-friendly central bank leader might shape monetary policy. On Nov. 25, Bessent said, “there’s a very good chance that the president will make an announcement before Christmas.” Five days later, Trump said he made his pick. By Dec. 2, the New York Times reported that Trump said his announcement could come “early next year.” Bitcoin, meanwhile, continues to demonstrate historical correlation with Federal Reserve interest rate policies, with prices typically declining during rate increases and rising during rate cuts. And according to a 60 Minutes interview with Trump on Nov. 2, crypto is the president’s primary concern. “I only care about one thing — will crypto be number one in America?” Trump said. “Because in crypto it’s the kind of industry where basically you’re going to have number one and you’re not gonna have a number two.” Either way, crypto bulls are likely waiting with bated breath. A new Fed chair nominee could signal a shift toward more favorable monetary policy. Historically, lower interest rates have boosted crypto prices by increasing market liquidity and reducing borrowing costs. With Powell’s term ending, a new nominee could reduce policy uncertainty and potentially advocate for rate cuts,…