Trump’s Latest Statement Shakes Markets: New Fed Chair Candidate May Emerge Ahead of Schedule

Just now, Trump sent a major signal—he may officially announce his pick for the next Federal Reserve Chair in early 2026, and publicly set his sights on former White House economic adviser Kevin Hassett. This move immediately sparked intense analysis in both Wall Street and the crypto community.

# Two Key Signals

**Candidate Locked In?** Trump revealed he has evaluated around 10 potential candidates and is now "down to the last one" under consideration. His on-the-spot gesture toward Hassett was interpreted by the market as a strong hint. Hassett served as Chair of the Council of Economic Advisers during Trump’s first term and aligns closely with his policy views.

**Public Pressure on the Current Chair:** Trump once again singled out current Fed Chair Jerome Powell for criticism, even quoting JPMorgan CEO Jamie Dimon: "Powell should cut rates." Such public calls once again touch on the sensitive issue of Fed independence.

# How Will the Market React

If a more "cooperative" Fed Chair is ultimately appointed, expectations for lower interest rates could rise quickly. This could have significant impacts on several key markets:

- **US Dollar:** Could come under pressure due to dovish expectations
- **US Stocks:** May see a short-term boost from increased liquidity
- **Cryptocurrency Markets** (BTC, ETH, BNB, and other major tokens): Could benefit from capital spillover effects

However, political interference in monetary policy has always been controversial. If the Fed’s independence is undermined, long-term market volatility could actually increase.

# A Few Easily Overlooked Details

The Fed Chair nomination must be confirmed by the Senate, so the process is not instantaneous. Powell’s term doesn’t end until 2026, but the political battle has already begun.

Additionally, previous rumors about a Treasury Secretary "Bessent" were actually misinformation—the current Treasury Secretary is Janet Yellen, who has repeatedly stated she will not return to the Fed.

This "personnel battle" that could decide global capital flows—how do you think it will end? Will Hassett really become the key figure driving a new wave of rate cuts?