Crypto wants Trump to replace Jerome Powell with a pro-stimulus Fed chair
Certain members of the crypto community would love to wave goodbye to US Federal Reserve Chairman Jerome Powell when Donald Trump becomes president. The two men have sparred for years, and crypto promoters want to see Trump surrounded with loyalists who keep markets sailing smoothly. Already assuming that Trump will find some way to oust Powell, potential candidates for his replacement are already circulating. Current top guesses include Scott Bessent, Kevin Warsh, Kevin Hassett, David Malpass, and Judy Shelton. Powell and Trump famously clashed over interest rate policies in 2018 when Powell declared he was prepared to defend the Fed’s independence from the Executive branch in the courts. He further reminded reporters that Trump may not fire him. Pundits speculated that Trump only backed off Powell in 2018 because his threats damaged confidence in an already shaky stock market. Now that six years have passed since their last spat, Trump recently granted a conditional