As of August 8, 2025, Jerome Powell remains the Chair of the U.S. Federal Reserve, with his term set to expire in May 2026. However, political developments in Washington hint that a change at the top could be coming soon.
🔹 Current Chair – Jerome Powell, serving since 2018 and reappointed in 2022.
🔹 White House Plans – President $TRUMP is expected to announce his nominee for the Fed Chair in the coming days, following Governor Adriana Kugler’s early resignation and growing tensions with Powell.
🔹 Shortlist of Candidates – With Treasury Secretary Scott Bessent declining the offer, top contenders now include Christopher Waller, Kevin Hassett, and Kevin Warsh.
💹 Market Impact
A new Fed Chair could shift U.S. monetary policy, potentially pushing for lower interest rates — a stance favored by the Trump administration. This could influence $USDC strength, global markets, and cryptocurrency liquidity.
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