According to the source, Kevin Hassett is now Donald Trump’s top choice to replace Jerome Powell as Federal Reserve Chair, as stated in a Nov 25, 2025 social media post that did not contain an official confirmation, source: X post dated Nov 25, 2025. For trading, potential Fed leadership changes matter because Fed communication and guidance shape policy expectations that move front-end US Treasury yields, the US Dollar Index, and liquidity-sensitive crypto assets such as BTC and ETH, source: Federal Reserve Board overview of the FOMC’s role; CME Group materials on fed funds futures-implied probabilities; ICE methodology on the U.S. Dollar Index. Immediate watch items: CME FedWatch rate path probabilities, US 2-year yield direction, DXY momentum, and BTC and ETH reactions around macro headlines and data releases, source: CME Group FedWatch; U.S. Department of the Treasury daily yield data; ICE U.S. Dollar Index resources; public market price feeds.

According to @stocktalkweekly, the White House officially denied the Bloomberg report suggesting that Bessent is a contender for the next Federal Reserve Chair, confirming the information as false (source: @stocktalkweekly, June 10, 2025). This clarification removes immediate uncertainty regarding future Fed leadership, helping stabilize risk sentiment in both stock and cryptocurrency markets. Traders should note that the absence of leadership speculation may limit sudden volatility in Bitcoin and other digital asset prices, as monetary policy expectations remain anchored.