CandleFocus Crypto wants Trump to replace Jerome Powell with a pro-stimulus Fed chair
2024-11-13
Author: Content Editor
The crypto community is hopeful that US Federal Reserve Chairman Jerome Powell will be replaced when Donald Trump becomes president again. Trump and Powell have clashed in the past, particularly over interest rate policies. Potential candidates for Powell's replacement include Scott Bessent, Kevin Warsh, Kevin Hassett, David Malpass, and Judy Shelton. The crypto industry wants Powell to leave earlier because they believe lower interest rates and quantitative easing at the Fed would lead to booming markets. Trump has already stated that he would let Powell finish his term if he thought he was doing the right thing, but there are bets in the crypto market that Trump will fire Powell within 100 days of taking office. Powell himself has shown little interest in leaving without a fight.
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