Kevin Hassett

With Kevin Hassett emerging as the frontrunner to replace Jerome Powell as Fed Chair, concerns are rising about potential political interference. Donald Trump’s public calls for interest rate cuts add to the scrutiny, as the new leadership could significantly impact monetary policy and, by extension, the crypto market.

The article explores how Donald Trump’s potential appointments of crypto-friendly figures like Kevin Hassett to the Federal Reserve and Scott Bessent as Treasury Secretary could trigger a major shift in U.S. monetary policy. This new strategy, focused on aggressive growth and potentially higher inflation, could create a favorable environment for Bitcoin and other assets, potentially causing their prices to surge.

Fed Chair Jerome Powell is set to deliver a key speech today, with markets anticipating a rate cut. We discuss the expectations, the impact of the Fed’s new policy, and the potential successor to Powell—developments that could affect the crypto market.

Kevin Hassett, a key figure in Donald Trump’s pro-crypto administration and a proponent of lower interest rates, has emerged as the frontrunner to replace Jerome Powell as Federal Reserve Chair. The appointment comes amid signs of internal stress at the Fed and has significant implications for the crypto market.