Kevin Hassett Emerges as Leading Contender for Fed Chair, Potentially Impacting Crypto Markets

The race for the next Federal Reserve chair is heating up with Kevin Hassett emerging as the frontrunner. His potential appointment signals a shift towards a more dovish monetary policy stance, which could boost risk assets like cryptocurrencies. Analysts anticipate rate cuts and believe this would benefit markets, although some are concerned about the potential impact on the Fed’s independence.