Fed Chair Shortlist Narrowed to Five, Implications for Crypto Markets Uncertain

The U.S. Federal Reserve has narrowed its search for a new chair down to five candidates, with Treasury Secretary Scott Bessent overseeing the process and a decision expected after Thanksgiving. While Kevin Hassett is currently considered the frontrunner by traders, his potential impact on monetary policy remains unclear. Market reactions could be significant as financial markets anticipate rate changes affecting asset prices, particularly cryptocurrencies.