Key notes
- Jerome Powell’s second term as president of the Fed is very close to his end.
- Donald Trump alluded to the candidates of Wall Street.
- Kevins, Hassett and Warsh, lead the charts as the main nomine for the role.
President Donald Trump is looking for a replacement for the president of the American federal reserve Jerome Powell, who will leave the office in May 2026. Powell, who was brought to the throne of the Fed by Trump himself in November 2017, replacing Janet Yellen, seems to be “too independent” for the president’s policies. Trump itself called He “too angry, too stupid, and too political”, for the position of the Fed chair.
Now that Powell comes out of the office, speculation on which will be the next Fed chair.
According to a financial time reportKevin Hassett and Kevin Warsh lead to replace Powell. On August 6, Trump hinted that the next Fed chair would go from Wall Street.
Hassett and Warsh are also the favorites of fans on the KALSHI market prediction platform. According to a survey On the platform, Hassett has 49% chance of becoming the next Fed chair, followed by the probability of 29% of Warsh.
Who will name Trump as the next president of the Fed? | Source: Kalshi
Christopher Waller is the third candidate on the list with a probability of 18%.
WhileSett and Warsh come from a Morgan Stanley environment, in this case, Wall Street, Waller is an academic and career economist; He was research director at the Federal Reserve Bank of St. Louis.
What about the “Fed Crypto chair”?
As always, the cryptographic community is always looking for digital candidates adapted to assets with upward policies and potentially rapid rate reductions, which also align with what Trump also wants.
With these characteristics, Hassett could be the perfect candidate to direct the federal reserve.
According to a researcher on X, claiming to be a former BlackRock employee, Hassett is “aligned with the stimulus of the offer and the draft drain-glend to the offer”.
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Kevin Hassett, former director of the NEC, is directed
It is aligned with the stimulus of the offer and the rapidly sliding strategies
During Trump’s first term, Hassett supported aggressive monetary boosts
Under him, expect rapid rate discounts intended for … pic.twitter.com/ldqpbgwib
– Orbion (@cryptorbion) August 6, 2025
“Under him, expect rapid rate drops intended to feed economic expansion,” wrote Orbion in a post X.
Hassett also has a $ 1 million In the main exchange of Crypto Coinbase. His investment in Coinbase and his advice role suggest familiarity and interest in the space of digital assets. However, the details on his wider crypto policy prospects are not detailed in public sources.
Warsh is also a first adopter of crypto. He invested In the algorithmic project of the Stablecoin project in 2018 and Bitwise, a Crypto index fund manager in 2021. He is listed as an advisor on the Bitwise site.
On the other hand, Warsh is more Central Bank digital cure that decentralized digital assets. In 2022 spur In the Wall Street Journal, he clearly mentioned CBDC as a way to counter the Digital Yuan of China.
CBDC support could reduce the chances of Warsh Against centralized digital assets.
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Wahid analyzes and reports on the latest trends in the decentralized ecosystem since 2019. He has more than 4,000 articles in his name and his work has been presented on some of the main outlets, including Yahoo Finance, Investing.com, Cointelegraph and Benzinga. Apart from the reports, Wahid likes to connect the points between Defi and Macro on his newsletter, on Chain Moine.
