🚨 BREAKING: Fed Shake-Up Underway

* 🔸Scott Bessent confirms that a formal search for Powell’s successor has begun — expect a nominee by year’s end.

* 🔸Bessent says “no rush”, but momentum is building as Fed Governor Adriana Kugler resigns early on Aug 8, opening a crucial seat.

* 🔸Front-runners include Treasury Secretary Scott Bessent, Kevin Warsh, Kevin Hassett, and Fed Governor Chris Waller. Survey shows 48% of strategists see Bessent or Warsh leading.

* 🔺Why it matters: A new Fed chair could drastically shift interest rate policy and market expectations — Trump has pressured for aggressive rate cuts amid economic uncertainties. Powell’s term ends May 2026, but he could stay on until 2028 if not replaced early.

🔍 Market Impact & Analyst Signals

* 🔷Wall Street cautions about the politicization of Fed leadership undermining central bank independence.

* 🔷Investor focus rising: markets are pricing for potential policy shifts, especially around rate cuts that could boost equities, crypto, and bond markets.

#FedSuccession #PowellReplacement #ScottBessent #KevinWarsh #CryptoMarkets #InterestRates #MacroUpdate #FinancialNews #FedIndependence