Trump Announces New Federal Reserve Chair for Early 2026
Date: 2025-12-05 Author: Gabriel Deangelo Categories: IN WORLD
President Donald Trump commented on the Fed Chair selection process at a recent White House meeting. He noted that efforts to control inflation are yielding results: "Since January 2025, we have been able to stop inflation from rising, although much remains to be done. We now plan to reduce it slightly further, maintaining it at a safe level. A complete absence of inflation threatens deflation, which is often more dangerous."
Trump emphasized the improvement in prices, particularly for energy and food, as well as positive developments in the mortgage market. At the same time, he criticized current Fed Chairman Jerome Powell for his reluctance to lower interest rates, which, in his opinion, was negatively impacting the economy. The president emphasized that even Jamie Dimon, the head of JPMorgan Chase, had noted the need for such steps: "He's just a stubborn bull who probably doesn't like me."
During the discussion, Trump announced plans to name a new candidate for Fed Chair in early 2026 and noted that he had discussed this with Treasury Secretary Scott Bessent. He also hinted at a likely frontrunner: "I believe the potential Fed Chair is here too. He's a respected man. Thank you, Kevin."
This reference was made to Kevin Hassett, head of the White House National Economic Council, who, according to media reports, is the leading candidate to chair the Fed. This information became known in late November 2025.
Amid expectations for a new Fed Chair and a stabilizing macroeconomic situation, the crypto market is showing positive trends. However, as Bloomberg notes, Trump is known for his unpredictability in politics, and it's possible he will choose another candidate. Among the alternative candidates mentioned is Michelle Bowman, a Fed member who is also known for her support of cryptocurrencies.
Therefore, the appointment of a new US Federal Reserve chairman is expected early next year, and his or her choice could impact both the national economy and the cryptocurrency market, stimulating further changes in the financial sector.
