Trump Says He’s Picked Powell’s Fed Chair Replacement

Former U.S. President Donald Trump has made headlines again—this time by stating he already knows who will replace Jerome Powell as Chair of the Federal Reserve if he returns to the White House in 2024.

While Trump didn’t disclose the name, the statement suggests a major shift in future U.S. monetary policy, especially if Trump regains presidential power and follows through with the change.

Powell’s current term runs through 2026, but the President has the authority to appoint a new Chair when the term ends—or push for leadership change sooner through influence or political pressure.

Why This Matters for Markets and Crypto

Trump has often criticized Powell and the Federal Reserve in the past, especially over interest rate decisions. His latest statement fuels speculation that a more dovish or politically aligned Fed Chair could take the reins, possibly favoring lower rates and more aggressive monetary easing.

Such a shift would impact not only traditional markets but also crypto and risk assets, which historically perform better in looser monetary environments.

Investors and analysts are now watching for clues on who Trump’s pick might be—ranging from well-known economists to loyalists aligned with his policy vision.

Looking Ahead to 2024

With the 2024 U.S. election drawing closer, Trump’s comment adds a new layer of uncertainty to future Fed policy. Whether this is a signal to markets or a strategic political move remains to be seen—but one thing is clear: the Fed’s leadership could look very different if Trump returns to power.