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.
đč Current Chair â Jerome Powell, serving since 2018 and reappointed in 2022.
đč White House Plans â President $TRUMP is expected to announce his nominee for the Fed Chair in the coming days, following Governor Adriana Kuglerâs early resignation and growing tensions with Powell.
đč Shortlist of Candidates â With Treasury Secretary Scott Bessent declining the offer, top contenders now include Christopher Waller, Kevin Hassett, and Kevin Warsh.
đč Market Impact
A new Fed Chair could shift U.S. monetary policy, potentially pushing for lower interest rates â a stance favored by the Trump administration. This could influence $USDC strength, global markets, and cryptocurrency liquidity.
#JeromePowell #DonaldTrump #CryptoNews #MarketUpdat #Binance
$TRUMP