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Fed Chair Race Narrows as Hassett Withdraws, Rieder Gains Momentum

Fed Chair Race Narrows as Hassett Withdraws, Rieder Gains Momentum

Author:

Global Cryptocurrency

Published:

2026-01-18 21:07:01

18

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BTCCSquare news:

Kevin Hassett has withdrawn from consideration for Federal Reserve chair, signaling alignment with President Trump's preference to keep him in the WHITE House. The economic adviser's departure narrows the field to four primary candidates: Christopher Waller, Kevin Warsh, and dark horse Rick Rieder, whose bipartisan appeal improves confirmation odds in a divided Senate.

Market observers note the Fed leadership transition comes amid heightened regulatory scrutiny of digital assets. While no cryptocurrency-specific references appear in this political development, the eventual nominee's stance on monetary innovation could indirectly impact BTC, ETH, and other major tokens through policy decisions on interest rates and quantitative tightening.

By:

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