{"id":17515,"date":"2025-12-08T22:56:18","date_gmt":"2025-12-08T22:56:18","guid":{"rendered":"https:\/\/bitunikey.com\/news\/trump-to-name-new-fed-chair-soon-crypto-bulls-hope-so-here-are-the-candidates\/"},"modified":"2025-12-08T22:56:28","modified_gmt":"2025-12-08T22:56:28","slug":"trump-to-name-new-fed-chair-soon-crypto-bulls-hope-so-here-are-the-candidates","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/trump-to-name-new-fed-chair-soon-crypto-bulls-hope-so-here-are-the-candidates\/","title":{"rendered":"Trump to name new Fed chair soon? Crypto bulls hope so \u2014 Here are the candidates"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The timeline for when President Trump will name a new Federal Reserve chair is uncertain.<\/p>\n<p class=\"is-style-default\">Jerome Powell, the current chair, will end his term in May 2026, and Trump is reportedly preparing to announce a successor soon, according to U.S. Treasury Secretary Scott Bessent.<\/p>\n<div id=\"cn-block-summary-block_f3ed749a43f529cd8e1209e2de24eba1\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Trump is expected to announce Jerome Powell\u2019s successor before Christmas, accelerating uncertainty around future Federal Reserve policy.<\/li>\n<li>Bitcoin and broader markets are reacting to expectations of rate cuts and Trump\u2019s pro-crypto stance, with analysts noting strong historical links between Fed decisions and crypto performance.<\/li>\n<li>Kevin Hassett has emerged as a leading candidate for Fed chair, raising questions about how a potentially crypto-friendly central bank leader might shape monetary policy.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>On Nov. 25, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=PLe_s_C7Jvg&amp;t=180s\" target=\"_blank\" rel=\"nofollow\">Bessent said<\/a>, \u201cthere\u2019s a very good chance that the president will make an announcement before Christmas.\u201d <\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Treasury Secretary Scott Bessent: &#039;Very good chance&#039; Trump names new Fed chair before Christmas\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/PLe_s_C7Jvg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<p>Five days later, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.economist.com\/leaders\/2025\/12\/02\/chris-waller-not-kevin-hassett-should-lead-the-federal-reserve\" target=\"_blank\" rel=\"nofollow\">Trump said<\/a> he made his pick. By Dec. 2, the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/12\/03\/us\/politics\/fed-chair-bessent-hassett.html\" target=\"_blank\" rel=\"nofollow\">New York Times reported<\/a> that Trump said his announcement could come \u201cearly next year.\u201d<\/p>\n<p>Bitcoin, meanwhile, continues to demonstrate historical correlation with Federal Reserve interest rate policies, with prices typically declining during rate increases and rising during rate cuts.<\/p>\n<p>And according to a 60 Minutes interview with Trump on Nov. 2, crypto is the president\u2019s primary concern.<\/p>\n<p>\u201cI only care about one thing \u2014 will crypto be number one in America?\u201d Trump said. \u201cBecause in crypto it\u2019s the kind of industry where basically you\u2019re going to have number one and you\u2019re not gonna have a number two.\u201d<\/p>\n<p>Either way, crypto bulls are likely waiting with bated breath. A new Fed chair nominee could signal a shift toward more favorable monetary policy. <\/p>\n<p>Historically, lower interest rates have boosted crypto prices by increasing market liquidity and reducing borrowing costs. With Powell\u2019s term ending, a new nominee could reduce policy uncertainty and potentially advocate for rate cuts, which are typically bullish for cryptocurrencies. <\/p>\n<p>Additionally, Trump\u2019s past support for crypto suggests the new chair might create a more favorable regulatory environment for digital assets. Still, crypto regulations in 2025 have been extremely friendly and yet, Bitcoin is in the red. See below.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"nofollow\">CoinGecko<\/a><\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Who are the finalists?<\/h2>\n<ul class=\"wp-block-list\">\n<li>Kevin Hassett, Director of the United States National Economic Council, has been <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.aljazeera.com\/economy\/2025\/12\/4\/who-is-kevin-hassett-trumps-expected-pick-to-lead-the-federal-reserve\" target=\"_blank\" rel=\"nofollow\">identified<\/a> as a leading candidate for the Fed chair position. Hassett previously served on the White House Economic Council and has been characterized by some media outlets as having favorable views toward cryptocurrency, though his potential policy direction as Fed chair remains uncertain.<\/li>\n<\/ul>\n<ul class=\"wp-block-list\">\n<li>Another candidate is Fed Governor Christopher Waller, who is known for his hawkish monetary policy stance and inflation control focus. <\/li>\n<\/ul>\n<ul class=\"wp-block-list\">\n<li>Vice Chair of the Federal Reserve Michelle Bowman and BlackRock executive Rick Rieder are also candidates.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">What\u2019s next?<\/h2>\n<p>A 25-basis-point rate cut is expected at the Dec. 10 Fed meeting, but analysts warn the real market drivers will be the Fed\u2019s economic projections and Powell\u2019s remarks. <\/p>\n<p>While the cut is widely anticipated, risks of a \u201chawkish cut\u201d loom, with potential dissents from hawkish officials. The Fed may be nearing the end of its easing cycle, pivoting to a slower, more cautious approach. <\/p>\n<p>Market volatility is expected due to growing disagreements within the Fed, weaker guidance, and uncertainty about future policy moves.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The timeline for when President Trump will name a new Federal Reserve chair is uncertain. Jerome Powell, the current chair, will end his term in May 2026, and Trump is&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=17515"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17515\/revisions"}],"predecessor-version":[{"id":17516,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17515\/revisions\/17516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11533"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=17515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=17515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=17515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}