Is the Federal Reserve about to get a new chair? There’s finally concrete progress on this matter.

On December 2, during a White House cabinet meeting, Trump revealed that he will likely announce his nominee for the next Fed Chair early next year—that is, in early 2026. Keep in mind, the current Chair Powell’s term doesn’t officially end until May 2026, which means Trump intends to lock in a successor several months in advance.

What’s even more interesting is that there had been rumors in the market that Treasury Secretary Bessent might take the position. But Trump directly clarified that day: Bessent has absolutely no intention of taking the role and isn’t interested in the Fed Chair seat. This puts those outside speculations to rest.

According to Trump, he’s actually had someone in mind for a while now. So, we’ll just have to wait and see who this mysterious candidate is and what changes they might bring to future monetary policy. After all, every move the Fed makes has a significant impact on global capital markets.

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CryptoFortuneTeller

· 20h ago

Here we go again with the whole mysterious candidate thing, Trump is playing this hand really well. Announcing early, creating suspense, making the market guess along. Wait, Besant isn’t going to be Fed Chair? Then who is it? Now I’m really curious. Powell’s term isn’t even over yet, and the next generation is already knocking on the door. If the Fed changes leadership, the whole world will feel the shake—this is definitely a big deal. Announcing a successor months in advance, is this hinting at something? Besant’s clarification felt a bit abrupt, almost intentional. Is it going to be another Trump-friendly hawk? If so, the Fed will be completely taken over.

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BlockBargainHunter

· 20h ago

Playing the power game again—this time Trump might really shake up the Fed. Nothing is set yet, but rumors are already flying. This mysterious candidate could trigger another market wave. If the Fed Chair changes, keep a close eye on it. It’s still unclear whether the crypto world will buy into this. Bessent caught in the crossfire—he never even wanted the job, haha. Is Trump trying to secure the narrative by picking a successor early? Powell’s final days—feels like things are about to get interesting. Who’s the next one, guys? Anyone got insider info?

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ForkTongue

· 20h ago

Here we go again with this routine? Trump just loves this kind of suspense marketing. Honestly, it doesn't matter who comes in, nothing will really change. Interest rates still have to drop. Bessent dodged quickly, smart guy. Let's wait and see who it is, but it's probably another hawk... To put it bluntly, the Fed Chair position is basically just a scapegoat. No matter who gets picked, my coins are still going to drop. This guy is definitely sending out smoke signals again. Finalized in advance? Bet it's going to change again... Let's just wait and see, it's not going to benefit me anyway. A mysterious candidate? That just means they haven't decided yet.

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SchrodingerGas

· 20h ago

Announcing a successor in advance? Isn't this just sending a signal to the market—a typical expectations management game.

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