Trump Signals Fed Chair Replacement, Markets Watch for Policy Implications
President Donald TRUMP announced he has identified a preferred candidate to replace Federal Reserve Chair Jerome Powell, though political constraints delay immediate action. The Treasury Department's shortlist includes Fed Governors Christopher Waller and Michelle Bowman, alongside former officials and BlackRock executive Rick Rieder.
While the news lacks direct cryptocurrency references, potential monetary policy shifts under new Fed leadership could ripple through digital asset markets. Bitcoin and Ethereum often react to macroeconomic uncertainty, with traders historically interpreting dovish Fed appointments as bullish for non-correlated assets.