🚨 UPDATE | FED CHAIR SUCCESSION WATCH 🇺🇸
President Donald Trump has confirmed that he plans to announce his nominee for the next Federal Reserve Chair in early 2026, pushing back earlier speculation of a pre-Christmas reveal.
This timeline aligns with Trump’s public comments made in early December 2025. Current Fed Chair Jerome Powell’s term expires in May 2026, meaning the new nominee — pending Senate confirmation — would assume the role at that time.
🔎 Leading contenders (late December 2025)
Kevin Hassett — Director of the National Economic Council and longtime Trump advisor. Widely viewed as the frontrunner, with ~55–58% odds in prediction markets such as Polymarket and Kalshi. Hassett is pro-growth, supportive of lower interest rates, and has past ties to the crypto industry as a former Coinbase advisor.
Kevin Warsh — Former Federal Reserve Governor and a well-known figure on Wall Street. While previously seen as a strong candidate, his odds have moderated in recent weeks.
📊 Potential market implications
A dovish appointment — particularly Hassett — could reinforce expectations for more aggressive rate cuts in 2026–2027, improving liquidity conditions and supporting risk assets such as equities, Bitcoin, and the broader crypto market.
📌 Bottom line
No official nomination has been announced yet, but early January 2026 is now the expected window. Markets are watching closely, as this decision could meaningfully reshape the macro outlook.
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