🚨 Big news: Donald Trump wants to replace Jerome Powell as the head of the US Federal Reserve.
He called Powell “terrible” and said he’s already thinking about three or four people to take his place. Even though Powell’s term isn’t over yet, Trump wants to choose the
#NextFedChairCandidate soon — possibly even before the election!
🧠 Who could be the next Fed Chair?
Here are the names being discussed:
1. Kevin Warsh – A former Fed official who supports cutting interest rates
2. Scott Bessent – Treasury Secretary, and known to be pro-crypto and pro-gold
3. Kevin Hassett – A former economic advisor under Trump
4. Christopher Waller – A current Fed member who recently supported rate cuts
5. David Malpass – Former head of the World Bank
💰 What’s happening in the markets?
The US dollar is falling, making people worry about inflation and the Fed’s future
Gold prices are rising because investors want safer assets
Many traders now think the Fed might start cutting interest rates soon
The current Fed Chair, Jerome Powell, is still being careful and says the Fed needs to see more data before making any changes. He also warned that new tariffs could push inflation higher again.
🪙 What does this mean for crypto?
A weaker dollar often helps crypto go up 📈
If the next Fed Chair supports rate cuts, it could bring more money into risk assets like Bitcoin and altcoins
If someone pro-crypto like Scott Bessent gets the job, the market could react very positively
📢 Your turn:
Who do YOU think should be the #NextFedChairCandidate?
A pro-crypto choice like Bessent?
A safer pick like Waller?
Or someone else completely?
Let’s hear your thoughts below 👇
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