Trump Announces Fed Chair Nominee Before Year-End, Market Implications Expected

President Donald Trump plans to name a successor for Federal Reserve Chair Jerome Powell by the end of the year, impacting US financial markets and potentially even cryptocurrencies. The selection process is led by Treasury Secretary Scott Bessent, with five potential candidates, including current governors Christopher Waller and Michelle Bowman who were appointed during Trump’s tenure. 5 potential Fed Chair nominees are still in contention as the transition could trigger significant shifts in monetary policy and regulatory perspectives.