Trump considers announcing early about the Fed Chairman amid pressures for cutting down the whales.

U.S. President Donald Trump is reported to be considering making an unprecedented early announcement about the next Chairman of the Federal Reserve, aiming to shape expectations about interest rates before Powell's term ends in May 2026. Such a move could change the financial market's perception of the trajectory of interest rates in the United States and impact both traditional assets and cryptocurrencies. Trump's strategy to influence the future of the Federal Reserve Trump's consideration of revealing his choice for the next Chairman of the Federal Reserve much earlier than usual aims to influence the current market perception before Jerome Powell's term ends in May 2026. Potential candidates include loyal individuals such as Kevin Warsh and Kevin Hassett. If Trump makes an early announcement, it could create uncertainty about U.S. monetary policy and drive anticipated changes in market behavior. Such positioning could affect how financial markets and investors assess potential interest rate paths under the new leadership of the Fed. "Trump is urging the Fed to cut interest rates to save money for the U.S. government on interest payments tied to the massive national debt. However, the Fed has long resisted considering the government's financial costs when making interest rate decisions, preferring instead to focus on the health of the economy and inflation." – Chris Rugaber, AP Economics Writer Financial impact and cryptocurrency response Did you know? Early announcements about the Fed's leadership are very rare, with previous actions often limited to impacting the immediate stability of the market. Historical trends highlight the potential long-term effects that such decisions can have, especially during periods of economic volatility. Bitcoin (BTC), the dominant cryptocurrency, reports a market capitalization of $2.13 trillion as of June 25, 2025. Its 24-hour trading volume reaches $51.76 billion, marking an increase of 4.03%, according to CoinMarketCap. The value of BTC has seen significant changes, including a 1.16% increase in 24 hours and a 23.03% increase over a 90-day period. The rapid changes in the leadership of the Fed may lead to a significant reassessment of market dynamics and inflation policy. Past trends indicate that expectations about monetary policy are an integral part of asset price volatility, especially in the volatility-sensitive cryptocurrency space.