New Fed Chair: Who Will Take the Helm of the Economy?
Introduction
Donald Trump said he is considering several strong candidates for the Fed Chairmanship and will announce his decision in the coming weeks. The list of candidates includes Kevin Hassett , Kevin Warsh, Christopher Waller, and BlackRock CIO Rick Rieder.
Of these names, Warsh and Hassett stand out as the two strongest candidates for Fed chair. On this matter, US President Donald Trump said, “I think both Kevins are great,” adding, “There are a few other great people too.“
Qualifications of Candidates Selected for Fed Chairmanship
Kevin Hassett: Kevin Hassett, who was appointed as director of the National Economic Council (NEC) following Donald Trump’s re-election in 2024, is at the top of the list as Trump’s candidate for Fed chair.
Kevin Warsh: Kevin Warsh, who previously served as a member of the Fed Board of Governors, is now on the list as Trump’s nominee for Fed chair.
Christopher Waller: Christopher Waller, an American economist who has been a member of the Federal Reserve Board of Governors since 2020, was recently added to the list.
Candidates’ Views on Interest Rate Policy
Kevin Hassett: Believing that the Federal Reserve has been slow to cut interest rates, Hassett supports President Trump’s economic policies.
Kevin Warsh: Advocating for a low inflation policy with his market-friendly approach, Warsh is seen as the second strongest candidate on the list after Hassett.
Christopher Waller: Christopher Waller, who serves on the Federal Reserve Board of Governors, advocates an expansionary policy and low interest rates.
Candidates’ Perspectives on the Crypto Market
Kevin Hassett: Kevin Hassett, who has previously advised major crypto exchanges such as Coinbase, is seen as a positive candidate for the future of the crypto market. His positive outlook on digital assets and stance on low interest rates make him a desirable name for the markets.
Kevin Warsh: With his market-friendly approach and low inflation policy, Warsh is seen as the second strongest candidate on the list after Hassett, with a slightly more traditional and cautious economic perspective.
Christopher Waller : Unlike the other two nominees, Christopher Waller has developed a cautious and critical perspective on the crypto market. In his previous speeches, he has warned investors about the volatile price movements of crypto assets and advised them to be careful. In this regard, Waller’s nomination raises questions for the crypto markets.
Conclusion and Assessment
In this context, the emergence of Kevin Hasset and Kevin Warsh as frontrunners for the upcoming Fed chairmanship can be viewed positively for the markets and the future of crypto assets. However, if Waller emerges as a frontrunner, we can say that the volatile outlook, particularly in the crypto markets, could intensify.
Disclaimer
This content is for informational purposes only and does not constitute investment, financial, or legal advice. Market views and opinions are general in nature and may not be suitable for all investors. Always conduct your own research and consult qualified professionals before making investment decisions.
