Fed Chair Race Keeps Markets Guessing as Dimon Backs Warsh and Trump Eyes Rate Cuts
Markets remain on edge as the Federal Reserve leadership race intensifies, with JPMorgan CEO Jamie Dimon publicly endorsing Kevin Warsh for the chair position. Dimon cites Warsh's alignment with central bank independence and policy discipline as key qualifications.
Meanwhile, Kevin Hassett emerges as a strong alternative, perceived as more likely to accelerate rate cuts—a move that would align with President Trump's economic priorities. TRUMP himself has stated the decision is not final, with additional interviews planned before an announcement.
The uncertainty coincides with recent Fed rate cuts and Chair Powell's cautious stance, keeping crypto and risk markets attuned to potential policy shifts. Market participants are weighing how different leadership could impact monetary policy trajectories and asset valuations.
