President Donald Trump is likely to announce his new Federal Reserve Chair before the end of this week. Several sources, including Scott Bessent, Treasury Secretary, have confirmed that President Trump has already made the decision on the next Fed chair, and the announcement is likely to happen before this year’s Christmas.
According to Walter Bloomberg, President Trump confirmed that the announcement is coming soon, likely between December 2 and 3.
Meanwhile, Kalshi traders are betting a 75% chance that Kevin Hassett, the Director of the National Economic Council (NEC) in the White House, will be named as the next Fed Chair.
Source: Kalshi
The next Fed Chair is expected to expedite the interest rate-cutting process ahead of the 2026 midterm elections. Such a move would be a huge boost for the stock market and the wider crypto industry in the subsequent months.
Moreover, the Federal Reserve ended its Quantitative Tightening (QT) on Monday, December 1. As such, crypto investors are anticipating a macro bullish impact akin to the post-2019 end of the Fed’s QT.
Investors are highly convinced that the Fed will initiate more rate cuts, including a 90% chance for a 25 bps rate cut in December 2025. The declining Fed’s interest rates amid its upcoming liquidity injection are a much-needed fuel for a more bullish outlook ahead.
Meanwhile, Cardano founder Charles Hoskinson has cautioned the crypto industry to avoid depending on legacy institutions and the political class to maintain a macro bullish outlook. Instead, Hoskinson has urged Web3 developers to build products that help onboard the next 500 million retail users seamlessly.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
XRP’s recent price fall has worried many investors, but fresh chart analysis hints the move…
Bitcoin is at a crucial stage on the higher time frame charts. The broader structure…
The crypto market is facing a major sell-off today, with total market value dropping to…
February 1, 2026 09:22:15 UTC Crypto Missing From India’s Union Budget 2026 Speech India’s Union…
The market has been shaky for months. The recent crypto crash has pushed many prices…
If you invest in crypto, you need to track Bitcoin closely because Bitcoin drives the…
