President Donald Trump is expected to announce his selection for the new Federal Reserve Chair by the end of the week. Various sources, including Treasury Secretary Scott Bessent, have indicated that President Trump has already made his decision on the next Fed chair, with an announcement likely to happen before Christmas this year.
As reported by Walter Bloomberg, President Trump has confirmed that the announcement will be made soon, potentially between December 2 and 3. At the same time, Kalshi traders are speculating with a 75% chance that Kevin Hassett, the Director of the National Economic Council (NEC) in the White House, will be appointed as the next Fed Chair.
The upcoming Fed Chair appointment is crucial for the crypto bull market, as the chosen individual is expected to accelerate the process of cutting interest rates before the 2026 midterm elections. This move could significantly benefit the stock market and the broader crypto industry in the coming months.
Furthermore, the Federal Reserve recently concluded its Quantitative Tightening (QT) on December 1, prompting crypto investors to anticipate a positive impact similar to the post-2019 end of the Fed’s QT. Investors are optimistic about the prospect of more rate cuts by the Fed, including a 90% chance of a 25 bps rate cut in December 2025. These declining interest rates, coupled with an upcoming liquidity injection, are poised to fuel a more bullish market outlook.
In a separate development, Charles Hoskinson, the founder of Cardano, has advised the crypto industry to not rely on traditional institutions and the political class for sustaining a bullish outlook. Instead, Hoskinson encourages Web3 developers to focus on creating products that can onboard the next 500 million retail users seamlessly.
Trust with CoinPedia:
CoinPedia has been a trusted source of accurate and timely cryptocurrency and blockchain updates since 2017. Our content is produced by a team of experienced analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). All articles are fact-checked against credible sources to ensure accuracy, transparency, and reliability. Our review policy ensures impartial evaluations when recommending exchanges, platforms, or tools. We aim to deliver timely updates on all things crypto & blockchain, from startups to industry leaders.
Investment Disclaimer:
The views and opinions shared in this article are solely those of the author and do not constitute financial advice. It is recommended to conduct your own research before making investment decisions. The writer and publication do not assume responsibility for your financial choices.
Sponsored and Advertisements:
Our site may feature sponsored content and affiliate links, clearly labeled as such. Advertisements are distinguished, and our editorial content remains independent from our advertising partners.
Share this crypto insight with your network by using the share buttons below!