US President Donald Trump is evaluating 11 candidates to succeed Federal Reserve Chair Jerome Powell, whose term ends in May 2025. The list includes key figures from Wall Street and current Fed officials.
Candidates for Fed Chair
Trump's evaluation includes David Zervos, Larry Lindsey, and Rick Rieder, as well as Fed officials Bowman, Waller, and Jefferson. The process is overseen by Treasury Secretary Scott Bessent, but no confirmed timeline has been provided.
Impact on Financial Markets
Immediate market implications remain uncertain, with no significant changes observed in major securities or cryptocurrencies. Speculative adjustments are expected as further announcements are awaited, while financial stability remains a primary concern.
State of the Cryptocurrency Market
Currently, Bitcoin (BTC) is priced at $120,536.81, experiencing a 1.67% increase over 24 hours. Its market capitalization stands at $2.40 trillion, dominance at 58.41%, and its 24-hour trading volume is $74.17 billion. Recent trends show a 5.63% rise over seven days and a 17.54% surge over 90 days.
Trump's consideration of candidates for the Fed Chair position may shape financial strategies, but current impacts on the market remain minimal until official statements are made.
