Trump Narrows Fed Chair Shortlist as Powell’s Exit Looms
President TRUMP has identified five finalists to replace Jerome Powell as Federal Reserve chair, with former NEC director Kevin Hassett emerging as the leading candidate. The selection process, overseen by Treasury Secretary Scott Bessent, includes interviews with current governors Christopher Waller and Michelle Bowman, ex-governor Kevin Warsh, BlackRock's Rick Rieder, and Hassett.
Hassett criticized the Fed's inflation management during the pandemic, calling its 'transitory' assessment a policy error. He advocates for deeper rate cuts and structural reforms to the interest rate framework while maintaining Fed independence—a stance that aligns with Trump's push for looser monetary policy.
Market observers note the candidates' views could impact crypto valuations, particularly for inflation-sensitive assets like BTC and ETH. Exchange-traded products on Coinbase and Binance may see volatility as the leadership transition unfolds.
