Donald Trump Will Replace Jerome Powell: Who Will Be the Next Fed Chair

Donald Trump once again creates a wave with his bold moves. This time, he targets Fed Chair Jerome Powell, implying that he will replace him before his term ends in 2026. Powell refuses to lower interest rates—a step that Donald believes is crucial to support the economy and boost cryptocurrencies in the U.S. According to a recent tweet from The Kobeissi Letter.

Donald said, "I will soon make a choice for the next Fed Chair position." This unexpected announcement reflects his growing frustration with Powell's policies. Trump on the Zero Tolerance Policy towards Cryptocurrency Haters The President of the United States has made it clear that he will not tolerate those who hate cryptocurrency. From firing Gary Gensler from his position as SEC Chairman to now targeting Fed Chairman Powell, Trump shows no mercy to those who oppose the development of cryptocurrency. He wants America to be friendly to cryptocurrency again. His model is very simple—support those who support cryptocurrency and push the rest out. Although Powell's term ends in May 2026, he seems ready to act soon. His push for interest rate cuts is based on the belief that this will benefit businesses, boost trading, and create a better environment for cryptocurrency adoption in the United States. Currently, the Federal Reserve's policy interest rate is between 4.25% and 4.50%. Jerome believes that keeping interest rates stable will control inflation and stabilize the economy. But Donald thinks that lower interest rates could support faster growth—even with risks. Who can replace Fed Powell and when? Now, everyone is asking: Who will be the next Fed Chairman? According to the cryptocurrency prediction polls from Polymarket, several names are being put forward. Leading the list is Kevin Warsh (6,4%), followed by Judy Shelton (0,8%) and Arthur Laffer (0,5%). Kevin Hassett and Larry Kudlow are also mentioned, but so far they have received less support.

Although Trump is preparing for an early move, about 90% of the votes on Polymarket indicate that Donald will not make any official announcement before June 30. However, the discussions surrounding these names and the upcoming changes show how serious he is about transferring power in favor of cryptocurrency-friendly policies. From Gary Gensler to Elon Musk: Trump's Zero Tolerance Policy in Action This is not the first major move by the president. Back in January 2025, he forced Gary Gensler to resign and replaced him with Paul Atkins as the Chairman of the SEC. Gensler was seen as a strong critic of cryptocurrency, and Trump did not waste any time kicking him out the door—this marked the first significant step in his unyielding journey. Now, Donald is clashing with another big name—Elon Musk. This battle is over the Great Beautiful Bill that Trump supports, which includes tax cuts and economic reforms. Musk calls it the "Great Ugly Bill," claiming it could push the U.S. into recession. Once allies in the presidential campaign, Trump is now fighting Musk, which has become a political battleground. Will Trump end this tug of war? This battle between the President of the United States and Powell feels very much like the episode of the US-China trade war. Donald imposed a 140% tariff on Chinese imports at that time, which caused a strong backlash. Later, both sat down and negotiated a deal afterwards. The same could be done here. If he replaces Powell, then the Fed could cut interest rates further, which would stimulate the economy in the short term. Lower interest rates will translate into lower interest loans, more investments, and more opportunities for cryptocurrency prices to rise. But it has negative impacts such as inflation or difficulties in the long term.