Trump Will Announce Federal Reserve Chairman Next Week

Key Points:
  • Trump to announce Federal Reserve Chairman, involving key advisors in decision.
  • Announcement expected next week during a Cabinet meeting.
  • The Federal Reserve leadership decision remains closely watched by markets.

Amid speculation and uncertainty, President Donald Trump indicated during a Cabinet meeting that the new Federal Reserve Chairman would be announced next week, contradicting previous reports of a sooner announcement.

This decision’s timeline could influence market expectations and Federal Reserve policies, especially considering past tensions between Trump and current Fed Chair Jerome Powell over interest rate strategies.

Trump’s Upcoming Federal Reserve Decision and Market Implications

President Donald Trump’s upcoming announcement concerning the Federal Reserve Chairman is drawing attention. During a Cabinet meeting on January 29, 2026, Trump stated the announcement is expected “next week,” engaging figures like Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick. Christopher Waller, a board member, is on Trump’s short list and dissented on a recent policy decision.

This anticipated decision could affect future interest rate policies. Jerome Powell, the current chair, has previously faced pressure from Trump regarding rate cuts. Powell defended the Federal Reserve’s autonomy, citing administration pressures as leverage on rate policies.

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Market participants are closely observing this announcement, as leadership changes can impact monetary policy and financial stability. Powell recently stated, “The threat of criminal charges is a consequence of setting rates based on our best assessment.”

Federal Reserve Leadership History and Bitcoin Market Dynamics

Did you know? Despite multiple leadership tensions, Jerome Powell has served under four different administrations, emphasizing the Federal Reserve’s stability and independence.

Bitcoin (BTC) is currently trading at $84,275.85 with a market cap of 1684007114228.00. With a market dominance of 58.74%, Bitcoin has seen a 24-hour trading volume of $65,125,572,448, marking a 63.23% increase. Over a three-month period, however, Bitcoin has dropped by 23.01%, from data reported by CoinMarketCap.

bitcoin-daily-chart-5961
Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 00:39 UTC on January 30, 2026. Source: CoinMarketCap

Coincu’s research team suggests that Trump’s decision might introduce potential shifts in financial regulation, particularly concerning interest rate adjustments. Historical trends show that such leadership changes can influence monetary strategy, impacting global markets significantly.

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