Trump to Nominate Fed Chair Candidate Soon
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 1h ago- Nomination Timeline Set: Trump plans to announce his Federal Reserve Chair nominee in early 2026, as Jerome Powell's term ends in May 2026, a move that could trigger volatility in financial markets and cryptocurrencies.
- Candidate List Narrowed: After consulting about ten contenders, Trump has narrowed the nominees to a select few, with Kevin Hassett being a frontrunner, whom Trump describes as a 'respected person.'
- Market Reaction Cautious: Concerns over potential policy shifts have led to a 5.05% drop in Bitcoin (BTC) over the last 24 hours, with the current trading price at $84,922.37 and a market cap of $1.70 trillion, reflecting investor uncertainty.
- Expected Monetary Policy Impact: Analysts forecast that the Fed Chair nomination will lead to significant monetary policy changes, potentially affecting interest rates and liquidity, thereby having profound implications for financial institutions and the cryptocurrency market.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
