U.S. President Donald Trump plans to announce his nominee for the next Federal Reserve Chair next week, following Jerome Powell’s term ending in May 2026. Powell may remain on the Fed Board of Governors after his chairmanship expires, but leadership of the central bank is set to change.
Front-Runners & Market Signals:
• Kevin Warsh, former Fed governor, is currently seen by some markets as the likely pick, with speculation pushing dollar strength on the news.
• Rick Rieder, BlackRock’s chief investment officer, is another top candidate — potentially appealing to financial markets and crypto investors due to his views on macro and digital assets.
• Jerome Powell staying on the Fed Board (though not as chair) has also gained some serious attention among analysts, adding uncertainty to the succession narrative.
Why It Matters:
The choice of Fed Chair will shape U.S. monetary policy direction, especially around interest rate cuts, inflation expectations, and financial markets. A candidate aligned with calls for lower rates could spur stronger growth and risk-asset rallies, whereas a more traditional central banker might emphasize inflation control.
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