fednewhead

Is Powell stepping down? Is Trump announcing a new Fed Chair?
As of now, Jerome Powell is not resigning. His term as Federal Reserve Chair officially ends in May 2026. However, Donald Trump has publicly stated that he plans to announce his choice for the next Fed Chair soon, well ahead of the term’s expiration. This has fueled market speculation and increased volatility across risk assets.
Powell has avoided commenting on his future and continues to emphasize the independence of the Federal Reserve.
Who are the potential candidates?
According to recent reports, Trump is considering several candidates, often described as more dovish than Powell:
Kevin Hassett – Former White House economic adviser; openly supportive of rate cuts
Kevin Warsh – Former Fed Governor; more market-friendly but critical of past Fed policies
Christopher Waller – Current Fed Governor; seen as pragmatic and data-driven
Michelle Bowman – Fed Governor; generally cautious but less aggressive than Powell
These names are cited in multiple media outlets as part of a short list under consideration.
Fed independence concerns and market impact
One of the biggest risks markets are pricing in is political pressure on the Fed. If investors believe the Fed’s independence is weakening:
The US dollar could lose credibility
Gold and Bitcoin may benefit as alternative stores of value
Short-term uncertainty could still trigger risk-off moves, increasing volatility rather than causing a clean rally
Historically, challenges to central bank independence tend to boost long-term inflation hedges, even if they create short-term instability.
What could this mean for crypto markets?
A more dovish Fed Chair → lower rates → higher liquidity → structurally bullish for BTC and ETH
Perceived Fed politicization → weaker USD narrative → Bitcoin strengthens as “digital gold”
Transition uncertainty → higher volatility, sharp moves in both directions
Summary
Powell is not leaving immediately, but Trump’s early signaling is already moving markets. The identity and credibility of the next Fed Chair will matter more than the announcement itself. For crypto, the medium- to long-term bias is positive, but the path there is likely to be volatile and headline-driven.
#WhoIsNextFedChair
#FED #FEDNEWHEAD
NFA
$BTC