The Trump administration is evaluating 11 candidates for the Federal Reserve Chair position, including both well-known figures and previously undisclosed nominees like David Zervos and Rick Rieder.
Candidates for Fed Chair
Among the 11 candidates for the Federal Reserve Chair position are David Zervos, Larry Lindsey, and Rick Rieder. Jerome Powell's term ends in May 2026.
Impact on Financial Markets
Trump directly influences the selection process for the new Fed Chair, stating, "I'm down to three or four names – all good, all great... I'll name it a little bit early." Decisions made by the Fed may impact cryptocurrency markets, affecting liquidity and risks in the global financial system.
Current Bitcoin Market Analysis
Currently, Bitcoin is priced at $123,492.68, with a market cap of $2.46 trillion, maintaining a market dominance of 58.80%. Its trading volume saw a 28.77% increase, totaling $94.62 billion. Recent leadership changes at the Fed could prompt financial and regulatory shifts affecting liquidity and risk appetites.
The selection of a new Fed Chair may significantly impact both financial and cryptocurrency markets. Investors are closely monitoring the situation as it could lead to substantial changes in liquidity and risks within the global system.
