Crypto markets are watching the race for the Federal Reserve chair closely — and one of the front-runners told CBS this weekend he wouldn’t let even the president sway policy decisions. Kevin Hassett, a leading contender to be President Trump’s Fed pick and the former top economic adviser at the White House, said on Face the Nation that while Trump “has very strong and well‑founded views,” the Fed’s job is to remain independent and to reach interest‑rate decisions through consensus at the Board of Governors and the FOMC. Hassett’s comments come after Trump asserted he should be able to weigh in on rate decisions. Hassett is widely viewed as a dovish candidate who would favor aggressive rate cuts to spur growth — a stance that could tilt the Fed’s priorities toward expansion rather than tighter inflation control. For crypto traders and Bitcoin bulls, that matters: expectations of looser monetary policy and lower rates often boost risk assets and have been cited as a key driver behind bullish Bitcoin narratives. Prediction markets currently give Hassett the lead to be Fed chair, with Polymarket showing him at 52% versus former Fed governor Kevin Warsh at 40% — a big jump for Warsh from 13% after a recent meeting with Trump. Powell’s term is slated to end on May 15. Bottom line for crypto: a Hassett appointment and an ensuing tilt toward rate cuts would likely increase liquidity and risk appetite, a development many in the Bitcoin community hope will sustain the rally — but any move will still depend on the Fed’s internal consensus and economic developments. Read more AI-generated news on: undefined/news

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