Woke up to chatter in the markets - whispers that the Fed’s top seat might not stay warm for long.
Powell’s still holding the gavel, but May 2026 feels a long way off in political time.
And now? One of the Fed governors just packed up early. That’s the kind of vacuum markets notice.
The buzz on the street:
The administration is eyeing a replacement who’s friendlier to rate cuts.
Waller, Hassett, Warsh — all names floating, each with their own playbook for money policy.
Traders are already running scenarios: rate cuts = softer dollar, more liquidity, potential tailwind for risk assets.
Why it matters right now:
Inflation’s not “solved” - so a pivot in leadership could mean pushing rates down while prices still bite.
For USD-pegged stablecoins, it’s about confidence - a Fed shift can ripple into demand and settlement flows.
And for Bitcoin? Lower rates have a history of breathing life into the charts.
Markets aren’t waiting for confirmation - they’re already gaming the next Fed era.
