President Trump is set to interview four finalists for the Federal Reserve chair position this week, according to a Financial Times report. Treasury Secretary Scott Bessent has submitted a shortlist that includes former Fed governor Kevin Warsh and current frontrunner Kevin Hassett, a decision that could significantly impact both traditional markets and the cryptocurrency sector.
The Trump administration is entering the final stage of selecting the next Federal Reserve chair, with interviews of four candidates scheduled to begin this week, according to the Financial Times. The decision comes at a critical juncture for both traditional financial markets and the rapidly evolving cryptocurrency ecosystem.
Treasury Secretary Scott Bessent has reportedly presented four names to the White House, with former Federal Reserve governor Kevin Warsh and Kevin Hassett—who previously served as chairman of the Council of Economic Advisers during Trump's first term—emerging as leading contenders. The selection will determine who succeeds current Fed Chair Jerome Powell when his term expires in May 2026.
The choice of Fed chair carries particular significance for cryptocurrency markets, as monetary policy decisions directly influence risk asset valuations and investor sentiment toward digital currencies. The Federal Reserve's approach to interest rates, inflation management, and regulatory oversight has proven instrumental in shaping crypto market cycles over recent years.
Kevin Hassett, considered the frontrunner, has previously expressed views on economic policy that could signal a particular approach to both traditional and digital asset markets. His selection would likely provide insights into how the administration plans to balance inflation concerns with economic growth objectives—factors that heavily influence cryptocurrency adoption and institutional investment flows.
Meanwhile, Kevin Warsh's experience as a former Fed governor during the 2008 financial crisis could bring a different perspective to central banking challenges, including how digital currencies fit into the broader financial system. His potential appointment would be closely watched by crypto industry stakeholders seeking clarity on regulatory frameworks and the Fed's stance on central bank digital currencies.
The timing of this decision is particularly noteworthy as global central banks increasingly grapple with the implications of cryptocurrency adoption and blockchain technology integration into traditional finance. The next Fed chair will likely play a crucial role in shaping America's approach to digital asset regulation and the potential development of a digital dollar.
Market participants across both traditional and crypto sectors will be monitoring these interviews closely, as the new Fed leadership could signal shifts in monetary policy that ripple through all asset classes, including Bitcoin, Ethereum, and the broader digital currency market.