Trump to Name Next Fed Chair Next Week; Pro-Crypto Waller Gains Ground
President Trump announced he will name the next Federal Reserve chair by next week, escalating scrutiny of incumbent Jerome Powell as the administration presses for a change. The announcement comes as pro-crypto Governor Chris Waller has emerged as a front-runner, with his views on digital assets and central bank responsibilities watched closely by industry participants and investors. Waller’s potential elevation matters because the Fed chair sets tone on monetary policy and regulatory priorities; a pro-crypto chair could shift the agency’s approach to stablecoins, crypto oversight, and innovation-friendly guidance. Any nomination will still require Senate confirmation, and markets will likely parse the pick for implications to interest-rate policy and the crypto sector. Observers say next week’s decision could mark a pivotal moment for the Fed’s stance on digital finance and broader economic policy direction.