Kevin Hassett, National Economic Council Director and leading candidate for Federal Reserve Chair, stated on CBS’s “Face the Nation” that President Trump’s opinions would carry “no weight” in interest rate decisions if appointed, per. Hassett emphasized the Fed’s duty to remain independent, with policies driven by FOMC consensus, per. Jerome Powell’s chair term ends May 15, 2026, with his governor term until January 31, 2028, per.
Polymarket places Hassett at 52% to become next Fed Chair, ahead of Kevin Warsh at 40%, per. Odds fluctuated, with Hassett peaking above 80% before Warsh surged following Trump’s comments narrowing finalists to “the two Kevins,” per. Christopher Waller trails at 4.5%, per. Trump may announce before Christmas, per Treasury Secretary Scott Bessent, per.
Hassett’s dovish outlook, favoring lower rates, aligns with Trump’s growth focus but prioritizes data-driven policy, per. Crypto markets view this as bullish for liquidity, with Bitcoin (BTC) at $113,234 and Ethereum (ETH) at $4,070 stable amid low volatility, per CoinMarketCap. Rate cuts could boost risk assets, but independence pledge tempers aggressive easing expectations, per. U.S. Bitcoin Reserve and CLARITY Act add tailwinds, per.
Track Polymarket for nomination shifts and FOMC minutes on federalreserve.gov. BTC support at $112,000; hold or average in with stop-losses, diversify into USDC, per TradingView. Follow @TheBlock__ on X for updates. Hassett’s nomination could stabilize markets, but Warsh’s rise adds uncertainty—BTC may target $150,000 by 2026 on dovish policy, per.
