In the White House conference room, a joke set off a stir.

"Next Federal Reserve Chairman? Well, he's sitting right here in this room." Trump smiled as he looked at Kevin Hassett, the Director of the National Economic Council. The look was too obvious—there's basically no suspense about next year's personnel arrangements.

According to him, the new chairman candidate will be officially announced in early 2026. Initially, about ten candidates were screened, and now "a certain one" has been locked in. Although this former president has a history of not keeping his word, the timing of this revelation is quite clear.

**Old Bao has been attacked again**

At the meeting, Trump started to diss the current chairman Powell again, with the core message still being: hurry up and cut interest rates!

"You see, even Jamie Dimon from JPMorgan said it should be reduced," he said while shaking his head, "but what about our chairman? Slow and sluggish in action, with a lackadaisical attitude. To put it bluntly, he’s just stubborn and goes against the president."

In the past few months, Trump has been pressuring the Federal Reserve every few days. In his view, high interest rates are a stumbling block to economic growth. If a more compliant new chairman could take office, wouldn't it be much easier to adjust policies?

**Who is on the candidate list?**

In addition to the most popular Haset, there are also these few in the circle:

- Federal Reserve Governor Christopher Waller
- Federal Reserve Governor Michelle Bowman
- Former Federal Reserve Governor Kevin Warsh
- BlackRock fixed income titan Rick Reed

In September last year, Trump listed Hassett, Walsh, and Waller as the top three. He even joked about wanting Treasury Secretary Mnuchin to take on the job, but he directly refused several times.

**Why is this matter so important?**

The change of the Federal Reserve chairman is not just a simple personnel adjustment. The new chairman holds the power to decide interest rates, which directly affects the direction of the U.S. economy and will also impact the global financial markets — including the fluctuations of the cryptocurrency market. After all, as soon as the expectations for interest rate cuts change, the trends of mainstream coins like BTC, ETH, and SOL will have to adjust accordingly.

The market is now focused on that time point at the beginning of 2026. Will the new chairman really significantly cut interest rates after taking office? For the cryptocurrency world, this could be one of the most important macro variables to watch next year.