Trump’s hesitation on Hassett elevates Kevin Warsh as leading Powell successor

Beincrypto reported President Donald Trump publicly signaled hesitation about moving Kevin Hassett to the Federal Reserve, suggesting he prefers to keep Hassett in his current White House role and casting doubt on Hassett’s chances to succeed Jerome Powell as Fed chair. The remark immediately reshuffled expectations, with Kevin Warsh now seen by markets and Washington insiders as a leading contender.

Warsh, a former Fed governor during the global financial crisis, has attracted attention in prediction markets, and analysts say his profile appeals to Republicans seeking market credibility and a clearer separation between monetary policy and politics. On crypto, the outlet noted, Warsh and Powell differ more in tone than in likely outcomes: Powell has emphasized financial stability, consumer protection and clear rules for stablecoins and exchanges, while Warsh has expressed pragmatic skepticism—acknowledging Bitcoin’s store-of-value potential but wary of private cryptocurrencies as everyday money.

Powell’s term as Fed chair ends on May 15, 2026, and he can remain on the Board of Governors until 2028 though chairs rarely do so. With inflation easing but not defeated, markets expect limited room for major policy shifts before his departure and traders increasingly price one more rate cut under Powell.

Key Topics

Politics, Donald Trump, Kevin Hassett, Kevin Warsh, Jerome Powell, Federal Reserve