No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, October 25, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

Pro-Bitcoin Scott Bessent emerges as candidate for next Fed chair

by TheAdviserMagazine
5 months ago
in Cryptocurrency
Reading Time: 2 mins read
A A
Pro-Bitcoin Scott Bessent emerges as candidate for next Fed chair
Share on FacebookShare on TwitterShare on LInkedIn


Key Takeaways

Scott Bessent is considered a potential candidate to succeed Jerome Powell as Federal Reserve Chair.
Tensions between President Trump and Jerome Powell exacerbate the urgency of naming a successor.

Share this article

Scott Bessent, the current Treasury Secretary and a Bitcoin supporter, is being considered as a potential successor to Federal Reserve Chair Jerome Powell, Bloomberg reported Tuesday, noting that his name has been floated by President Donald Trump’s advisers.

A White House official swiftly dismissed the report, Reuters said.

Trump’s shortlist also features seasoned economic policymakers such as Kevin Warsh, who was previously vetted for Treasury secretary, NEC Director Kevin Hassett, Fed Governor Christopher Waller, and ex–World Bank chief David Malpass.

Bessent, who oversees major financial policies, including the US Strategic Bitcoin Reserve initiative, neither confirmed nor denied interest in the Fed chair role when reached out by Bloomberg.

“I have the best job in Washington,” Trump’s Treasury Secretary said in a statement. “The president will decide who’s best for the economy and the American people.”

Regardless of Bessent’s presence in the small candidate pool, the name of Powell’s successor is expected to be announced “very soon,” according to President Trump.

Although Powell’s term extends through May 2026, the Trump administration has begun preparations to start the search for his successor.

The reason behind the move is intensifying political and economic pressures. President Trump has repeatedly criticized Powell’s cautious monetary approach, accusing the Fed of being too slow to combat inflation and economic struggles.

He has persistently called for the central bank to lower interest rates, even threatening to fire Powell in favor of a more aligned candidate.

In response to Trump’s push, the Fed has mostly maintained silence on policy decisions without directly engaging in political disputes.

However, in several public speeches and press conferences, Powell has firmly affirmed the Fed’s independence, emphasizing that monetary policy decisions are based solely on economic data and the Fed’s dual mandate of maximum employment and price stability.

There is little market support for Trump’s idea of firing Powell. According to Reuters, experts have warned against removing the Fed chair, arguing that it would seriously undermine confidence in the Federal Reserve’s independence and the Federal Reserve’s ability to combat inflation.

Bessent told Reuters in April that the White House planned to begin interviewing prospective candidates for the next Fed chief this fall. He added that the process is routine and downplayed concerns about Powell being removed early.

Share this article

Follow on Google News



Source link

Tags: BessentcandidateChairemergesFedProBitcoinScott
ShareTweetShare
Previous Post

BlackRock’s smallest deal of 2024 may end up being its most consequential

Next Post

S&P 500, Nasdaq have records back in sight as stocks gain amid US-China trade talks

Related Posts

edit post
Bank of England Probes Data Mining Lending Fueling AI Bets

Bank of England Probes Data Mining Lending Fueling AI Bets

by TheAdviserMagazine
October 24, 2025
0

The Bank of England is investigating the rise of financiers lending to data centers as a way to speculate on...

edit post
Trump taps Michael Selig to lead CFTC: Bloomberg

Trump taps Michael Selig to lead CFTC: Bloomberg

by TheAdviserMagazine
October 24, 2025
0

Key Takeaways President Trump has appointed Michael Selig as the new chair of the CFTC, signaling a pro-crypto stance. The...

edit post
New Bitcoin Improvement Proposal Aims To Improve Privacy

New Bitcoin Improvement Proposal Aims To Improve Privacy

by TheAdviserMagazine
October 24, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A new Bitcoin Improvement Proposal titled “Chain...

edit post
U.S. CPI Comes In Lower Than Expectations, Bitcoin Rises

U.S. CPI Comes In Lower Than Expectations, Bitcoin Rises

by TheAdviserMagazine
October 24, 2025
0

The U.S. CPI inflation data came in below expectations, increasing the odds of two more rate cuts this year. Bitcoin...

edit post
If tokenized gold is just a “trust-me-bro” IOU, what’s really on-chain?

If tokenized gold is just a “trust-me-bro” IOU, what’s really on-chain?

by TheAdviserMagazine
October 24, 2025
0

We audit popular gold tokens against five trust tests, then compare them with BTC ETFs and native BTC settlement.Binance founder...

edit post
Hyperliquid Price Breaks Key Resistance as B Fundraising and IPO Plans Gain Traction

Hyperliquid Price Breaks Key Resistance as $1B Fundraising and IPO Plans Gain Traction

by TheAdviserMagazine
October 24, 2025
0

HYPE has reignited bullish sentiment across the crypto market after a sharp 11.91% daily surge pushed the Hyperliquid price above...

Next Post
edit post
S&P 500, Nasdaq have records back in sight as stocks gain amid US-China trade talks

S&P 500, Nasdaq have records back in sight as stocks gain amid US-China trade talks

edit post
Tech stocks inch up as Meta reportedly nears multibillion-dollar AI investment

Tech stocks inch up as Meta reportedly nears multibillion-dollar AI investment

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
From Map to Movement: Turning Advisory into Action

From Map to Movement: Turning Advisory into Action

0
edit post
Philippines omits Elbit from howitzer tender

Philippines omits Elbit from howitzer tender

0
edit post
“Experts” Don’t Know How Ignorant They Are

“Experts” Don’t Know How Ignorant They Are

0
edit post
Anthropic Expands Google Cloud Partnership to Access 1 Million Chips

Anthropic Expands Google Cloud Partnership to Access 1 Million Chips

0
edit post
2 of the Best Aldi Finds Available Right Now (While They Last)

2 of the Best Aldi Finds Available Right Now (While They Last)

0
edit post
Bank of England Probes Data Mining Lending Fueling AI Bets

Bank of England Probes Data Mining Lending Fueling AI Bets

0
edit post
Bank of England Probes Data Mining Lending Fueling AI Bets

Bank of England Probes Data Mining Lending Fueling AI Bets

October 24, 2025
edit post
Where We Go Next After NY Climate Week

Where We Go Next After NY Climate Week

October 24, 2025
edit post
Pentagon orders aircraft carrier to Latin America, boosting U.S. military buildup in the region

Pentagon orders aircraft carrier to Latin America, boosting U.S. military buildup in the region

October 24, 2025
edit post
Market Talk – October 24, 2025

Market Talk – October 24, 2025

October 24, 2025
edit post
Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks

Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks

October 24, 2025
edit post
*HOT* FREE LEGO Harry Potter Flying Car Set after cash back!

*HOT* FREE LEGO Harry Potter Flying Car Set after cash back!

October 24, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Bank of England Probes Data Mining Lending Fueling AI Bets
  • Where We Go Next After NY Climate Week
  • Pentagon orders aircraft carrier to Latin America, boosting U.S. military buildup in the region
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.