Donald Trump has initiated interviews to choose a successor for Federal Reserve Chair Jerome Powell. This move may lead to changes in monetary policy and affect financial markets.
Search for a Successor to Jerome Powell
Donald Trump is conducting interviews to find a new Fed Chair after expressing dissatisfaction with Jerome Powell's leadership. Trump stated, 'I know within three or four people who I’ll pick. I mean, he goes down pretty soon, fortunately, because I think he’s terrible...'.
Potential Changes in Financial Policy
Trump predicts that the change in leadership may lead to shifts in financial policies, which could impact global assets. Candidates for Powell’s position include Kevin Warsh, Kevin Hassett, Christopher Waller, and Scott Bessent.
Impact on Financial Markets
Leadership changes may affect financial market dynamics, including key cryptocurrencies such as BTC and ETH. Jerome Powell, however, emphasizes the need for stability, suggesting no immediate changes in monetary policy.
Trump's search for a new Fed Chair indicates potential shifts in financial policy that could significantly influence market stabilization and changes in the crypto industry.
