11 Strong Contenders on the Table for Fed List

Treasury Secretary Scott Bessent told Fox News on Wednesday that there are “11 very strong candidates” under consideration for the Fed chair position, and that the vetting and shortlisting process will begin next month.

According to a CNBC report dated August 13, the list includes Dallas Fed President Lorie Logan, former St. Louis Fed President James Bullard, Fed Vice Chair Philip Jefferson, Fed Governor Chris Waller, Fed Vice Supervision Chair Michelle Bowman, and former Fed Governor Larry Lindsey.

Other notable names include former Bush administration economic adviser Marc Sumerlin, Jefferies chief market strategist David Zervos, and BlackRock’s Global Fixed Income CIO Rick Rieder.

Interest Rates and Crypto Market Impact

The Federal Reserve’s monetary policy plays a pivotal role in shaping global market sentiment. Lower interest rates typically boost liquidity and drive investors toward riskier assets — including Bitcoin and altcoins. In contrast, higher rates usually lead to capital outflows from volatile assets like crypto.

BlackRock’s Rieder: “Bitcoin Is Here to Stay”

Among the candidates, Rick Rieder stands out for his consistent pro-crypto stance.

In early 2024, he told the Wall Street Journal that Bitcoin could “become a big part of the asset allocation framework” and that people will gradually become more comfortable with it over time.

Back in 2020, Rieder told CNBC that Bitcoin and cryptocurrencies are “here to stay,” emphasizing that younger generations’ openness to digital assets and technology is undeniable. Today, BlackRock manages the largest Bitcoin and Ethereum ETFs in the market.

Waller and Bowman Signal Openness to Crypto

Two other candidates, Chris Waller and Michelle Bowman, have also shown crypto-friendly attitudes.

On August 20, Bowman suggested that Fed staff should be allowed to invest small amounts in crypto, arguing it would provide them with a better working knowledge of the underlying technology.

A day later, Waller noted that the banking sector had “nothing to fear” from crypto payments operating outside the traditional system, framing it as simply “a new technology for transferring and recording transactions.”

FED Powell’s More Cautious Approach

Outgoing Chair Jerome Powell has addressed crypto several times but with more caution. In June, he stated that cryptocurrencies had become more mainstream and that banks were expected to increase their engagement with the sector.

However, in December, he clarified that he viewed Bitcoin more as a competitor to gold rather than the U.S. dollar.

Jefferies’ Growing Crypto Ties

Another candidate, David Zervos of Jefferies, comes from a firm that has been heavily involved in crypto-related ventures. Jefferies has supported the IPOs of eToro, Circle, Bullish, and Figure, while also backing Michael Saylor’s Bitcoin acquisition strategy at an early stage.

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Trump’s Advisers Turn to Waller for Fed Chair

Sources close to President Trump say that Fed Governor Christopher Waller is emerging as a strong candidate to succeed Jerome Powell. What stands out for Trump’s team is Waller’s willingness to base his monetary policy decisions not only on current data but also on forward-looking forecasts. This approach is especially appealing in a time when rate cuts are back on the table.

Pro-Crypto Attitude Sets Him Apart

Waller has not only earned recognition in traditional economic circles but also among the crypto community. His previous supportive remarks about digital assets have drawn attention within the space.

During the latest FOMC meeting, Waller voted in favor of a rate cut—positioning himself as a more dovish voice at the Fed. That move aligns closely with what Trump’s economic team may be seeking in a potential chair.

No Direct Meeting With Trump—Yet

While Waller has reportedly met with members of Trump’s advisory team regarding the position, he has not yet had a one-on-one meeting with the President himself. Still, his name remains high on the shortlist.

Deep FED Knowledge Adds Value

What makes Waller even more appealing is his extensive expertise in the workings of the Federal Reserve system. With years of experience in central banking, he is seen as a technically strong and strategically aligned choice for the role.

Click here to also review other potential candidates.

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Pro-crypto U.S. presidential candidate Trump was injured in the ear during an assassination attempt at an election rally. Blood was seen on Trump’s face as he was taken off the podium and the rally area was evacuated.

The incident garnered significant attention both in the U.S. and globally. The attacker approached Trump and fired, but thanks to the quick response of Trump’s security team, he survived. Trump was immediately taken to the hospital after being shot, and his condition is reported to be good.

Elon Musk: “I support Trump and hope he recovers quickly.

It has been reported that Trump is in good health. It has been reported that the person who attempted the assassination on Trump has been neutralized.

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