According to @StockMKTNewz, U.S. Treasury Secretary Bessent told CNBC there is a very good chance President Trump will announce the next Federal Reserve Chair before Christmas to take over after Jerome Powell’s term ends (source: @StockMKTNewz citing CNBC). Powell’s current term as Fed Chair runs through May 2026, defining the handover window for any successor (source: Federal Reserve Board, Board Members: Jerome H. Powell). For trading, earlier clarity on the Chair nomination can recalibrate interest-rate expectations, USD and Treasury yields via the monetary policy transmission channel, with crypto majors like BTC and ETH sensitive given their increased correlation with equities and macro conditions in recent years (sources: Federal Reserve, Monetary Policy and the Economy; International Monetary Fund analysis on rising crypto–equity correlations).