Trump Hints at Potential Successor for Powell as Fed Chair
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Coinmarketcap
- Fed Leadership Change: Trump has completed interviews for the next Federal Reserve Chair, hinting at a potential successor to Powell by mid-May 2026, which could influence monetary policy directions and impact market stability and investor confidence.
- Cautious Market Reaction: Despite speculation surrounding the Fed's future leadership, no direct impact on the cryptocurrency market has been observed, indicating a cautious investor sentiment until official confirmations are made.
- Bitcoin Market Dynamics: As of January 23, 2026, Bitcoin (BTC) is priced at $89,682.65 with a market cap of $1.79 trillion, dominating 59.23% of the market; it has seen a minor 0.32% decline in 24 hours and a significant 19.21% depreciation over the past 90 days, reflecting market volatility.
- Expected Policy Implications: The potential change in Fed leadership could stimulate varied financial, regulatory, and technological outcomes, with historical data suggesting that investors typically remain cautious until official announcements validate leadership transitions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
