Trump to interview pro-crypto Christopher Waller for next Fed Chair: WSJ
President Trump is interviewing Fed Governor Christopher Waller, a crypto supporter, as a candidate for the next Fed Chair.Summary
U.S. President Donald Trump is scheduled to interview Federal Reserve Governor Christopher Waller on Wednesday as part of the vetting process for the next Fed Chair, succeeding Jerome Powell. Waller, who joined the Board of Governors in 2020, is noted as a supporter of cryptocurrency, particularly stablecoins and DeFi, having previously stated that the DeFi industry should not be viewed with suspicion. Other leading contenders include former Fed Governor Kevin Warsh and current National Economic Council Director Kevin Hassett. While Waller is seen as the leading internal advocate for rate cuts and has received favorable views on his arguments, he is considered a long shot due to a lack of a personal relationship with Trump compared to the others. Trump has been critical of current Chair Powell over the pace of interest rate cuts, pushing for deeper reductions. Powell's term expires next May, and a new chair is expected to be announced next month, with some experts suggesting a new chair could positively impact the crypto market.
(Source：The Block)