The Trump administration is evaluating 11 potential candidates to succeed Jerome Powell as Chair of the Federal Reserve, whose term expires in May 2025.
Broader Search for Fed Chair Replacement
President Trump has expressed dissatisfaction with Jerome Powell's tenure, calling his decisions late and incompetent. Among the 11 candidates are previously unreported names such as David Zervos, Larry Lindsey, and Rick Rieder. Zervos stated, 'We're working on the big list right now.' The list also includes known figures like Fed Vice Chairs Philip Jefferson and Michelle Bowman, and Dallas Fed President Lorie Logan.
Market Monitoring the Changes
Trump's search for a new Fed Chair comes amid economic challenges. The selection could imply a shift in monetary policy outlook impacting U.S. Treasury yields and market risk sentiment, with potential ripple effects on various financial markets, including cryptocurrencies. Market participants are closely monitoring the situation, anticipating changes in Fed policies that could influence crypto assets like Bitcoin and Ethereum.
Financial Implications of Potential Fed Leadership Change
Historically, transitions in Federal Reserve leadership have led to notable volatility across both traditional and cryptocurrency markets, illustrating the substantial impact of potential policy shifts. As of August 15, 2025, Bitcoin (BTC) trades at $118,329.84 with a market cap of $2.36 trillion. The 24-hour trading volume is $102.75 billion. Coincu's research team suggests that the Federal Reserve Chair replacement may result in varying financial outcomes depending on the selected policies of the new appointee.
In light of the potential leadership change at the Fed, it is crucial to closely monitor the political and economic developments that may impact financial markets and investor sentiment.
