U.S. Treasury Prepares to Seek Powell’s Federal Reserve Successor
The post U.S. Treasury Prepares to Seek Powell’s Federal Reserve Successor appeared on BitcoinEthereumNews.com.
Key Points: U.S. Treasury begins search for Powell’s successor. Financial markets await potential changes. Interest rate-sensitive assets could face volatility. The U.S. Treasury, under Secretary Scott Bessent, plans to begin searching for Jerome Powell’s successor as Federal Reserve Chairman soon. Market participants anticipate changes in monetary policy, which could affect interest-rate-sensitive assets. U.S. Treasury’s Strategic Plans and Market Implications U.S. Treasury Secretary Scott Bessent plans to initiate the search for Jerome Powell’s successor as Federal Reserve Chairman. Given Powell’s term ends in May 2026, preparations are reportedly underway, but no official public statements confirm the start date. As Bessent has stated, “I will begin the search for a successor to Federal Reserve Chairman Jerome Powell in the coming weeks and months.” The move signals potential changes in Federal Reserve policy. Investors speculate heightened volatility in interest-rate-sensitive assets such as government bonds, Bitcoin, and Ethereum, pending the anticipated leadership shift. Donald Trump has indicated dissatisfaction with Powell’s current policies. There is no official announcement on social media about launching the search, but the decision has already fueled market speculation. Trump was quoted saying, “Powell’s rate policy has been too slow; I’ve dubbed him ‘Mr. Too Late’ and I plan to replace him well before the end of his term.” Historical Insights and Current Market Reactions Did you know? In past Federal Reserve leadership changes, namely when Powell replaced Yellen in 2018, macroeconomic policies notably influenced digital currencies’ trajectory, highlighting their sensitivity to central banking decisions. Bitcoin (BTC) is currently priced at $107,634.29, with a market cap of 2,140,373,500,802.84 USD. Its market dominance stands at 64.66%, and 24-hour trading volume reached 38,538,921,564.65 USD, reflecting an 18.26% change. Recent price movements show a 28.46% rise over 90 days, as per CoinMarketCap‘s latest update at 13:50 UTC on June 30, 2025. Bitcoin(BTC), daily chart,…
Filed under: News - @ June 30, 2025 3:29 pm