Powell's Unexpected Resignation or Acceleration of Trump's Chosen Next Fed Chair

By: theblockbeats.news|2025/08/02 15:42:20

BlockBeats News, August 2nd, Federal Reserve Governor Quarles suddenly announced his resignation on Friday, providing President Trump with an opportunity to fill the Fed vacancy earlier than expected, which may also force him to finalize his nominee for the next chair months ahead of schedule.

Derek Tang, an economist at monetary policy analysis firm LH Meyer, stated, "The ball is now in Trump's court, as he has been pressuring the Fed, claiming he wants to install his own people. Now the opportunity has come." While Powell's term as chair is set to end in May next year, his term as governor extends until 2028. If Powell does not voluntarily resign from his governor position, Trump will not have another opportunity to fill the vacancy before 2028.

In this scenario, Trump may be forced to fill Quarles' vacancy with his intended nominee for chair. Tobin Marcus, Director of U.S. Policy and Political Strategy at Wolf Research, pointed out: "The key is that this is the only vacant position Trump can act on. If he wants to find a nominee for the chairmanship from outside the Fed, the nomination may be announced early."

Interest rate decisions by major central banks such as the Federal Reserve are significant macroeconomic events impacting global financial markets, directly influencing market liquidity expectations and risk appetite. As the cryptocurrency market continues to develop and its trading structure and participants mature, the crypto market is gradually being incorporated into the macroeconomic pricing system.

U.S. Bank Industry Embraces Blockchain Transition

Key Takeaways The U.S. banking sector is transitioning towards blockchain technology as regulatory discussions turn into implementation. The…

Fed Chair Candidate Upsets Expectations, Powell Surges Ahead: Will "Rate Cuts + Balance Sheet Reduction" Become the New Main Theme?

Powell has recently advocated for a rate cut, but he is more hawkish on balance sheet issues.

Trump’s Influence on Interest Rates: A Matter of Debate at the Fed

Key Takeaways Kevin Hassett, a leading contender for the Federal Reserve chair, asserts that President Donald Trump’s views…

Best Altcoin to Buy Now Under $0.01 – December 10

Key Takeaways: PEPENODE ($PEPENODE) is highlighted as a promising altcoin to consider, especially for those seeking investment opportunities…

The Fed Cuts Rates Again But Disagreement Increases, Next Year's Path May Lean More Conservative

While this interest rate cut was as expected, there was a rare internal Federal Reserve divergence, hinting at a potential extended pause in the future. At the same time, they stabilized year-end liquidity by purchasing short-term bonds.

Trump Takes Over the Fed, Impact on Bitcoin in the Coming Months

The Once-in-a-Century Transformation of the U.S. Financial System

Best New Meme Coin to Buy Today Under 1 Cent – 9 December

Key Takeaways The cryptocurrency market is experiencing a slight dip, but optimism remains due to potential Federal Reserve…

After the market digests the interest rate cut expectations, how should we navigate the direction of risk assets?

The last interest rate cut of the year brought rates down to ______%. The true market movement depends on the expectation gap rather than policy action.

Federal Reserve’s Upcoming Rate Decision: Searching for Clarity Amid Divergent Views

Key Takeaways: The Federal Reserve’s December FOMC meeting, happening next week, is highly anticipated, with a potential 25…

Potential Impact of the 2026 Federal Reserve Policy Shift on the Crypto Space

Key Takeaways: The Federal Reserve may undergo a significant policy shift in 2026, potentially transforming its approach towards…

Key Market Intelligence on December 3rd, How Much Did You Miss?

1. On-chain Funds: $58.5M USD inflow to Ethereum today; $92.5M USD outflow from Hyperliquid 2. Largest Price Swings: $BOB, $LUX 3. Top News: Farcaster Founder's Post Announces First-time Clanker Platform IDO Presale this Friday at 1:30

How Will the 2026 Federal Reserve Affect the Crypto Space?

To transition from the Powell era's technocratic caution to a more explicit policy framework aimed at reducing borrowing costs and advancing the President's economic agenda.

The US Supreme Court's Tariff Ruling is Imminent, With Trump Issuing Frequent Warnings, Could He Be on the Verge of Losing?

As the Supreme Court decision looms, the Trump tariff policy is facing a triple test of legal, fiscal, and political credibility.

Central Bank Week and Crypto Market Volatility: How Interest Rate Decisions Shape Trading Conditions on WEEX