As the U.S. prepares for a pivotal decision regarding its monetary policy leadership, President Donald Trump is set to conduct interviews for the new Federal Reserve Chair this week. According to the official information, with the economy and the cryptocurrency market hanging in the balance, the choice of the next Fed Chair could have far-reaching consequences.
Candidates for the Position
Treasury Secretary Scott Bessent has compiled a list of candidates for the position, which includes:
- former Fed Governor Kevin Warsh
- current National Economic Council Director Kevin Hassett
Hassett is currently viewed as the frontrunner in this selection process, which is expected to shape the future of U.S. economic policy.
Trump's Preferred Candidate
Trump has hinted that he has a preferred candidate in mind, although details remain under wraps. A final decision is anticipated to be announced in January, raising speculation about how the new Chair's policies might influence interest rates and regulatory approaches, particularly in the rapidly evolving cryptocurrency market.
In a recent development, former President Donald J. Trump enacted the GENIUS Act, establishing a Strategic Bitcoin Reserve, which contrasts with the ongoing discussions about the new Federal Reserve Chair. For more details, see read more.
