Trump Will Announce New Fed Chair in Jan

Trump says he’ll name Jerome Powell’s replacement in January — months before Powell’s term ends in May 2026.

What it means:
This early pick acts like a “Shadow Chair,” signaling Trump’s push for faster rate cuts and more market-friendly policy.

Top names in the mix:
Kevin Hassett & Kevin Warsh are rumored favorites — both seen as pro-rate-cut.

Why it matters:
If Trump’s pick gets in, expect lower interest rates in 2026. That could boost markets (especially crypto), but may raise inflation risks too.
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