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The rumors surrounding Kevin Hassett intensified today after Donald Trump said again that he has “already made a decision” about who will replace Jerome Powell in 2026.
Hassett remains the strongest candidate, according to recent reports and repeated insinuations from the president.
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How does Kevin Hassett’s Fed policy differ from Powell’s?
Hassett currently heads the National Economic Council and has become a central voice on Trump’s economic team. It is widely seen as Much sweeter than Powell’s. Investors see his appointment as a potential factor to accelerate policy easing.
Powell’s term ends in May 2026. He has indicated his plans to serve until the end of his term.
However, increasing political pressure and ongoing speculation have raised questions about how the transition will take place.
Hassett explained that he prefers lower rates based on current economic conditions. He said he would lower rates now if he led the Fed. This position contrasts with Powell’s slow and conservative approach.
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Powell focused on inflation risksAnd long-term price stability. He preferred deliberate steps, even with the slowdown in employment data and growth indicators. This steady approach maintained stability in the markets, but reduced the pace of easing.
Hassett’s background indicates a different era. He spent most of his career pushing pro-growth, tax-cutting and tax-ease policies.
Its close alignment with the administration has contributed to concerns about the central bank’s independence.
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However, markets expect immediate consequences if Hassett takes the helm. drive Central Bank with a less aggressive approach It is very likely to accelerate the cuts in 2026 and weaken the US dollar. It will also increase the liquidity in the risky asset.
Is Kevin Hassett’s appointment good for cryptocurrency markets?
Cryptocurrency markets can feel the change faster. Bitcoin and Ethereum tend to bounce back when real yields decline and Global liquidity is increasing. A weaker dollar also supports inflows into digital assets, particularly during political transitions.
Altcoins can also benefit. Cheaper credit and higher risk appetite often increase capital turnover in DeFi systems, layer 2 environments, and the launch of new tokens. Trading volumes usually increase when investors expect easier loan conditions.
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If investors question the Fed’s independence, bond markets could react sharply. This disruption can spread to cryptocurrencies, especially in times of political uncertainty.
Even with these risks, most traders see the Hassett Fed as a positive for digital assets. Supporting a rapid easing cycle will lead to higher valuations and higher institutional participation through ETFs and tokenized products.
Trump said that the official candidate will be announced at the beginning of 2026. Until then, the markets continue to anticipate the possibility of a change to a more aggressive stance for growth.
Again Digital currency market Sensitive to that result, with expectations growing before a decisive change in the leadership of the Fed.
