Tensions surrounding the selection of a new Federal Reserve chair are intensifying. Donald Trump is now seriously considering Christopher Waller as one of the top contenders for the Fed leadership — despite having already interviewed two other candidates: Kevin Hassett and Kevin Warsh.

Trump Seeks a Candidate for His “Lower Rates” Agenda

According to The Wall Street Journal, Trump is preparing to personally interview Waller, who currently serves on the Fed’s Board of Governors. The key issue on the table: finding someone who will support aggressive interest rate cuts.

Trump has made it clear that he wants new leadership at the Fed — and that the next chair must be fully committed to easing monetary policy. Waller appears to fit that mold, having publicly supported rate cuts several times in recent months. Earlier this year, he was the lone dissenter when the Fed voted to keep rates unchanged.

Waller: Supporter of Crypto and DeFi Innovation

Waller also stands out for his positive stance on digital assets and decentralized finance (DeFi). At a Federal Reserve payments conference last October, he urged the central bank to reconsider its skepticism toward DeFi. He described stablecoins as a “new type of money” that could function alongside traditional payment systems.

This makes Waller both a monetary dove and a tech-forward candidate — potentially signaling a future Fed more open to digital dollars and blockchain-based financial innovation.

Still, Waller Faces Political Disadvantages

Waller’s main drawback is his lack of personal ties to Trump, unlike the other candidates. Some of the president’s advisors are also displeased with Waller’s cautious stance, specifically his proposal to cut rates by just 0.5% in September — far less than the more aggressive reductions Trump favors.

Trump’s expectations are clear: he wants interest rates around 1% or lower. He has repeatedly criticized current Fed Chair Jerome Powell for failing to cut rates more deeply, even though the benchmark is already at 3.5–3.75%.

Warsh Remains the Frontrunner — For Now

While interviews are ongoing, Kevin Warsh remains the leading candidate. A former Fed governor, Warsh brings both institutional experience and close personal ties to Trump — making him the likely successor to Powell. However, Waller’s name is rapidly gaining momentum in the inner circle.

Treasury Secretary Scott Bessent commented that Trump is approaching the decision with care. “He’s asking the candidates about their views on the Fed, its structure, and monetary strategy. He’s being very, very thoughtful,” said Bessent, adding that a decision may come by January.

#Fed , #TRUMP , #interestrates , #Stablecoins , #CryptoNews

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