- Trump announces nominee to replace Fed Chair Powell on Friday.
- Market anticipation grows over new economic policy directions.
- Potential nominees include White House Director Kevin Hassett.
U.S. President Trump is set to announce a nominee to replace Federal Reserve Chair Jerome Powell during a policy meeting on Friday in Washington, D.C.
This nomination might influence economic policies and potentially affect global markets, including cryptocurrency sectors reacting to shifts in interest rate expectations.
Trump’s New Fed Chair Pick to Influence U.S. Economy
President Trump will announce his nominee for Federal Reserve Chair, aiming to shift national economic policy. Kevin Hassett and Kevin Warsh are among the potential candidates. Jerome Powell, the current Chair, has faced criticism from Trump over monetary policy disagreements.
The announcement could lead to changes in interest rates, potentially affecting borrowing costs and economic growth. The financial community is closely watching for impacts on Federal Reserve independence and inflation targets.
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“A very good person to head the Fed who is very respected and known to everybody in the financial world,” remarked Trump on his upcoming decision, highlighting the significance of the role in shaping economic policy. CBS News
Reactions from the market are significant, as investors brace for changes in economic policies.
Financial Markets Brace for Changes in U.S. Monetary Policy
Did you know? Since Trump’s appointment of Powell in his first term, Federal Reserve policies have seen strong independence, a trend potentially shifting with new leadership.
With Ethereum (ETH) priced at $2,750.42 and a market cap of $331.96 billion, recent movements include a 6.96% drop over 24 hours. Over 90 days, Bitcoin’s price has declined by 28.83%, reflecting sensitive market conditions. Source: CoinMarketCap, updated January 30, 2026.
Experts suggest potential economic outcomes may include shifts in inflation management. Market risk could grow under new policy directions, impacting cryptocurrency valuations and investor confidence.
| 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. |
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