Trump Administration Reviews 11 Potential Fed Chair Candidates, Some Crypto-Friendly

The TRUMP administration is evaluating 11 candidates to replace Federal Reserve Chair Jerome Powell, whose term expires in May. Among the contenders are several figures known for their crypto-friendly stances, including Jefferies strategist David Zervos, former Fed Governor Larry Lindsey, and BlackRock's Rick Rieder. The selection process, led by Treasury Secretary Scott Bessent, is expected to be lengthy, delaying any immediate changes to monetary policy.

Analysts warn that a prolonged decision-making period could create uncertainty in markets, particularly for digital assets. The news follows President Trump's removal of Federal Reserve Governor Lisa Cook, signaling potential shifts in the Fed's leadership and policy direction. While no explicit cryptocurrency policies are mentioned, the inclusion of crypto-sympathetic candidates suggests a possible openness to digital asset integration in monetary frameworks.