🏛️ Next Fed Chair Decision Nears — Trump Set to Announce Soon
🗓 Jan 21, 2026
📍 World Economic Forum, Davos
🎯 Status: President Trump has narrowed the field to four finalists
📢 Timing: Announcement could come “as soon as next week,” per Treasury Secretary Scott Bessent
🔍 What We Know
Current Chair: Jerome Powell (term expires May 2026)
Trump’s View: Openly critical of Powell’s slow pace of rate cuts and the Fed’s renovation spending
Shortlist: Names undisclosed, but insiders point to a blend of hawkish economists and Trump-aligned policy figures
Powell’s Path: Even if replaced as Chair, he could remain on the Fed Board
📊 Market Scenarios & Impact
Scenario
Likely Market Reaction
🔁 Powell Reappointed
Policy continuity, mild dovish bias, markets stabilize
🔄 New Hawkish Chair
Tighter policy outlook, stronger USD, pressure on risk assets
🧠 Decision Delayed
Rising Treasury yields, elevated VIX, continued equity & crypto volatility
🧠 The Bigger Picture
The Fed Chair role is more than ceremonial — it’s one of the most powerful macro levers in the global system.
With Trump’s shortlist down to four, markets are bracing for a potential policy pivot.
Whether Powell stays or a new hawk takes control, the outcome will shape:
Rate expectations
Dollar strength
Liquidity conditions
Crypto and risk-asset appetite
Not just a personnel change — a directional signal for global markets.
#WhoIsNextFedChair #USIranMarketImpact #ETHMarketWatch $BTC $ETH $BNB