Trump Confirms New Fed Chair Pick: Markets Prepare for Shake-Up
BREAKING: Donald J. Trump has announced he has chosen the next leader of the Federal Reserve to take over in 2026. An official announcement is expected soon, with markets bracing for the potential shift.
The Impact:
Rate Cuts Ahead? The frontrunner, Kevin Hassett, is seen as aligned with Trump's push for aggressive interest-rate cuts.
Liquidity Boost: A new, more "dovish" Fed could mean lower borrowing costs and a major flow of money into risk-on assets—stocks, emerging markets, and especially crypto.
Global Ripple: Expect increased volatility as the dollar weakens and global capital flows adjust to a potentially looser U.S. monetary policy.
Why it matters: This move signals a potential "regime change" in monetary policy, steering the Fed toward earlier and deeper rate cuts than anticipated
