The Fed’s power throne is about to get a Trump-sized makeover: President Donald Trump confirmed on December 2, 2025, that he’ll unveil his pick for the next Federal Reserve Chair in early 2026, teasing a frontrunner from his inner circle and signaling a seismic shift toward aggressive rate cuts that could supercharge stocks, crush the dollar, and light Bitcoin’s fuse to $150K as the central bank’s independence gets a populist haircut.
The reveal came during a White House Cabinet meeting, where Trump dropped the timeline bomb: “We’ll be announcing somebody, probably early next year, for the new chairman of the Fed.” This narrows a months-long whisper campaign after Treasury Secretary Scott Bessent’s Labor Day interviews whittled a 10-candidate list to one mystery pick. Current Chair Jerome Powell’s term expires May 15, 2026, but Trump—never shy about meddling—has already pressured for an early exit, blasting Powell’s “stubborn” rate stance amid affordability woes in swing states like Virginia and New Jersey.
The shortlist’s open secret? National Economic Council Director Kevin Hassett, Trump’s go-to economist from the 2017 tax cuts, emerges as the heavy favorite. Trump nodded coyly at a post-meeting event: “I guess a potential Fed chair is here too… He’s respected, thank you Kevin.” Hassett, who’d be “happy to serve” per Fox interviews, aligns perfectly with Trump’s litmus test: slash rates to 2-3% by mid-2026, fueling growth while taming inflation through tariffs and deregulation. Odds on Polymarket? Hassett at 65%, edging Scott Bessent (who’s out) and Judy Shelton.
Markets smelled blood. The dollar index dipped 0.8% to 104.2, 10-year yields tumbled 5 basis points to 4.15%, and BTC ripped 2.1% to $92,100 as risk-on bets piled in—traders eyeing a “Trump put” where the new chair greenlights QE-lite to counter tariff shocks. S&P futures popped 1%, while gold and crypto proxies like MSTR surged 3%. X went nuclear: #TrumpFedChair trended with 300K posts, bulls chanting “Rate cuts to zero—BTC to $200K,” bears warning “Fed independence dead, inflation monster reborn.”
For the faithful, this is the ultimate tailwind: a dovish chair could slash rates twice in 2026, igniting the Santa rally and cascading $500B into risk assets. As Trump quipped, “The Fed’s been too slow—we’ll fix that fast.” The crown’s slipping. The revolution’s crowned.
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