Trump Considers New Fed Chair Appointment by End of 2025, Potential Impact on Markets
President Donald TRUMP may announce a replacement for Federal Reserve Chair Jerome Powell by the end of 2025, signaling a potential shift in monetary policy direction. Powell's term expires in May, with no indication of renewal. Trump has openly criticized Powell's leadership, suggesting a desire for a more aligned successor.
The shortlist includes five candidates: Fed Governors Christopher Waller and Michelle Bowman, former Bush-appointed Fed Governor Kevin Warsh, WHITE House National Economic Council Director Kevin Hassett, and BlackRock's bond chief Rick Rieder. Political rapport appears to weigh heavier than technical qualifications in Trump's selection process.
Market participants are watching closely as Fed leadership changes could influence dollar liquidity conditions - a key factor for cryptocurrency valuations. Historical precedent shows crypto markets often react strongly to shifts in Fed policy expectations.