Succession Speculation: Potential Candidates to Replace Jerome Powell at Federal Reserve

First Crypto President, Now Crypto Fed Chair: Who Will Replace Jerome Powell?

The end of Jerome Powell’s leadership at the Federal Reserve is imminent, and the president has already initiated talks with potential successors. In a recent statement, Donald Trump hinted that he might choose someone from Wall Street to fill the vacancy.

Two top contenders for the position are Kevin Hassett, former director of the National Economic Council under Trump, and Kevin Warsh, a prominent Wall Street economist and advisor to Trump’s administration during his presidency. Both nominees have demonstrated strong interest in digital assets, with Hassett having invested $1 million in Coinbase and serving as an advisory board member.

The market is closely watching these candidates, especially given their extensive background in finance and economics. Christopher Waller, a research director at the Federal Reserve Bank of St. Louis, also made it to the shortlist.

As speculation mounts about the potential replacements for Powell, the crypto community remains intrigued by the prospect of a new leader who could potentially shape monetary policy in a way that benefits digital assets.

Source: www.coinspeaker.com