The Trump administration considers at least 11 candidates to potentially replace Jerome Powell when his term as the Federal Reserve Chair expires in May -at least three of them showed a positive bearing toward the crypto.
Treasury Secretary Scott Bescent told Fox News on Wednesday that there were 11 “very powerful candidates” for the Fed Chair, that he would begin to be a shortlist and shortlist starting next month.
The list of candidates, as CNBC reported On August 13, mentioning two administration officials, along with Dallas Fed president Lorie Logan, former St -Louis Fed president James Bullard, feed vice chair Philip Jefferson, Fed Governor Chris Waller, Fed Vice Supervision Chair Michelle Bowman and former Fed Governor Larry Lindsey.
There are 11 strong candidates in the Fed seat. After Labor Day, we will start interviews and present a short list to President Trump.@Potus has a sophisticated view of the financial policy, a great deal of respect for the Fed, and wants a leader who can restore its mission and credibility. pic.twitter.com/iaw6sg8fvu
– Treasury Secretary Scott Bescent (@SecscottBessent) August 27, 2025
The list also includes the advisor of Bush’s economic administration Marc Sumerlin, investment bank Jefferies Chief Market Strategist David Zervos and Blackrock’s Chief Investment Officer for the Global Fixed Income Rick Rieder.
The Federal Reserve sets US interest rates, affecting how the market is investing. Lower interest rates increase liquidity and usually spur bets on the Pabagu -change of mind, risky properties such as crypto, while interest rate increases usually see investors selling riskier bets.
Jefferies’ Zervos, Blackrock’s Rieder has an indirect contact with Crypto
Jefferies, the investment bank where Zervos leads the approach, is involved in crypto creatures.
The bank has supported recent public debuts of Trade platform Ethoro, stablecoin issuer circle internet group, crypto Exchange bullish and crypto -based figure technology solutions.
It’s also early to bet on Bitcoin (Btc) buying ambitions of Michael Saylor’s approach, and it has been reported that there is a senior banker who has focused exclusively in the crypto for at least five years.
Meanwhile, Blackrock’s Rieder made a positive commemark to Crypto.
She is said The Wall Street Journal in early 2024 that Bitcoin is likely to “be a big part of the asset allocation” and that “over time people are becoming more comfortable here.”
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The wheels are said The CNBC in November 2020 he thought crypto and bitcoin were “here to stay” and that “being welcome – especially the easy being of the millennial – of technology and cryptocurrency was real.”
Blackrock has the largest bitcoin and ether (Eth) funds exchanged by exchange in the market.
Feds Waller, Bowman made crypto-friendly moves
Other candidates include Fed’s Waller and Bowman, both recently -even signing a friendly crypto approach.
Bowman, the leading Fed regulation officer, said on August 20 that the Central Bank staff should be allowed to invest A small amount of crypto to help them understand technology, adding it will help with a “understanding of understanding the underlying function.”
Fed Governor Waller said after a day That the banking sector “no one should be afraid” about crypto payments operating outside the traditional banking system, as it is “new technology to move things and record transactions.”
In comparison, Powell discussed the crypto several times and usually drives a careful approach. He said in June that crypto became more mainstream and expected to increase banks in the sector.
In December, He said bitcoin is more of a competitor for gold than the US dollar.
Powell’s tenure as chair ends in May, but his 14-year term on the Fed board ends in early 2028. His highly awaited speaking On Friday, the hope of a interest rate cut, with financial markets expecting the Fed to cut rates when it re-meets mid-September.
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