Donald Trump plans to announce his Federal Reserve chair nominee by October 2025, with Stephen Miran as the leading candidate, potentially reshaping U.S. monetary leadership.
Announcement of Fed Chair Nominee
Trump plans to make an announcement about the Fed chair nominee by October 2025, with Stephen Miran being a frontrunner. This nomination may significantly impact the Fed's independence and change the country's economic policy.
Political Response to the Nomination
The potential nomination of Miran has sparked political tension. Senator Elizabeth Warren raised concerns about possible compromises to the Fed's independence due to Trump's choices, which could have serious economic consequences.
Impact on Cryptocurrency Markets
It is known that changes in Fed leadership can lead to volatility in financial markets. Cryptocurrencies like Bitcoin and Ethereum may experience effects from new monetary commitments, impacting their values and investment flows.
The appointment of a new Fed chair may significantly influence economic policy and financial markets in the U.S., including the cryptocurrency sector.
