According to @KobeissiLetter, U.S. Treasury Secretary Bessent said there is a very good chance President Trump announces the next Federal Reserve Chair before Christmas, flagging an accelerated timeline for Fed leadership clarity (source: @KobeissiLetter). Event risk around a Fed Chair announcement typically shifts rate path probabilities in Fed funds futures and front-end U.S. Treasury yields, with spillovers to the U.S. Dollar Index and crypto beta such as BTC and ETH (source: CME FedWatch Tool; U.S. Department of the Treasury data). Traders can monitor Fed funds futures (ZQ), 2Y/10Y Treasury yields, DXY, and BTC/ETH price and options implied volatility into the indicated window to manage exposure (source: CME; U.S. Department of the Treasury; ICE U.S. Dollar Index; Deribit). Potential setups include short-duration rate volatility hedges and crypto options straddles to capture announcement-driven volatility, with disciplined sizing and risk controls (source: CME; Deribit).