U.S. Treasury Denies Leading Fed Chair Search

There’s uncertainty surrounding the search for a new Federal Reserve chair. While reports emerged claiming U.S. Treasury Secretary Scott Bessett is leading this effort, this claim remains unconfirmed. The President ultimately holds authority over choosing the Fed Chair. Analysts note that without official confirmation, market reactions remain speculative and could impact crypto assets like Bitcoin and Ethereum if substantiated. The potential for market impact hinges on verification of these reports; however, financial figures have yet to react substantially. President Trump has stated his Treasury Secretary desires to stay in this role.