Trump Conducts Interviews for Next Federal Reserve Chair

3 mins mins

Key Points:

Trump interviewing Fed Chair candidates amid Jerome Powell criticism.
Market anticipates rate policy changes with leadership switch.
Bitcoin and Ethereum watch U.S. monetary policy closely.

Donald Trump announced on June 25 that he began interviewing candidates to replace Jerome Powell as Federal Reserve Chair, amidst ongoing criticism of Powell’s monetary policy stance.

The selection process could influence future U.S. monetary policy, with potential volatility in interest rate-sensitive markets.

Trump Explores New Candidates for Fed Chair Role

U.S. President Donald Trump is actively seeking a successor for current Federal Reserve Chair Jerome Powell. Trump revealed he is considering three or four potential candidates for the role. Among those mentioned, Kevin Warsh, a former governor, is considered “very highly thought of” by Trump. Current chair Jerome Powell has faced repeated criticism from Trump, who labeled him as “Mr. Too Late” for not aligning U.S. interest rates with European trends. Trump has expressed his preference for a lower interest rate environment to stimulate the economy further.

Potential changes to the Federal Reserve’s leadership could lead to shifts in monetary policy, explicitly targeting interest rate adjustments. Trump’s stance promotes the idea of reducing rates to align more with the European cuts, enhancing macroeconomic growth potential. Such changes could have significant implications for financial markets, particularly in assets sensitive to interest rate fluctuations, including cryptocurrencies such as Bitcoin and Ethereum.

Market participants are awaiting responses as the interviews are scrutinized. Jerome Powell’s testimony in Congress highlighted Trump’s dissatisfaction, noting Powell’s reluctance to adjust rates despite favorable economic conditions. The absence of immediate institutional responses signals caution, as the final nomination and Senate confirmation hold weight in determining monetary policy direction.

“‘Too Late’ Jerome Powell, of the Fed, will be in Congress today in order to explain, among other things, why he is refusing to lower the Rate. Europe has had 10 cuts, we have had ZERO. No inflation, great economy – We should be at least two to three points lower. Would save the USA 800 Billion Dollars Per Year, plus. What a difference this would make. If things later change to the negative, increase the Rate. I hope Congress really works this very dumb, hardheaded person, over. We will be paying for his incompetence for many years to come. THE BOARD SHOULD ACTIVATE. MAKE AMERICA GREAT AGAIN!” — Donald Trump, President, United States

Crypto Markets Brace for Potential Federal Reserve Changes

Did you know? In the transitions of 2017 and 2021, new Federal Reserve chair nominations caused notable swings in cryptocurrency prices as the market feared uncertainty in potential policy changes.

Bitcoin (BTC) currently trades at $107,853.04 with a market cap of approximately $2.14 trillion, dominating 64.91% of the market. Over the past 24 hours, Bitcoin’s trading volume reached $50.09 billion, although it declined by 23.99%. Recent movements show a 2.08% gain over 24 hours, reflecting broader investor sentiment on macroeconomic factors. Data sourced from CoinMarketCap.

bitcoin-daily-chart-1740 — Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 14:49 UTC on June 25, 2025. *Source: CoinMarketCap*

Experts from Coinbase suggest that potential outcomes from a leadership change at the Fed might include regulatory adjustments impacting financial instruments. This could affect Bitcoin and other cryptocurrencies, known for their price sensitivity to U.S. interest rates, indicating potential shifts in trading patterns and liquidity.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.