🚨 Trump Could Announce Jerome Powell’s Fed Replacement as Early as This Summer 🚨
Former President Donald Trump is reportedly gearing up to name a successor for Federal Reserve Chair Jerome Powell—nearly a year ahead of schedule.
📌 Key Highlights:
- Powell’s term officially ends on May 15, 2026, but Trump may reveal his pick by this summer.
- This early move could weaken Powell’s influence and shift expectations for future monetary policy.
- Trump has previously criticized Powell’s approach to inflation and interest rates.
🔍 Top Contenders for Fed Chair:
- Kevin Warsh – Former Fed Governor, advocates for looser monetary policy.
- Kevin Hassett – Trump ally, served as NEC director with a focus on economic growth.
- Scott Bessent – Current Treasury Secretary, rumored as a "shadow candidate."
- David Malpass – Former World Bank president.
- Christopher Waller – Sitting Fed Governor.
💡 Why This Matters for Crypto:
A new Fed Chair could accelerate rate cuts, weaken the U.S. dollar, and fuel risk-on sentiment—a potential tailwind for Bitcoin, altcoins, and DeFi.
