Trump Signals Fed Leadership Shakeup, Excludes Bessent from Chair Consideration
President TRUMP has confirmed Treasury Secretary Scott Bessent will not be the next Federal Reserve chair, revealing potential upheaval in U.S. monetary policy leadership. The announcement comes alongside news of Fed Governor Adriana Kugler's unexpected early departure, creating an immediate vacancy Trump intends to fill with a candidate who could eventually succeed Jerome Powell.
Market participants are weighing the implications of a politicized Fed transition, particularly for crypto assets sensitive to monetary policy. Bitcoin and ethereum showed muted reactions to the news, maintaining recent ranges as traders focus on broader macroeconomic signals. Powell's eventual successor could significantly influence the regulatory landscape for digital assets.
