Trump Picks New Federal Reserve Chair Amid Market Volatility
- Trump announces Federal Reserve chair choice to combat market volatility.
- Bitcoin BTC +0.69% experiences a 5.4% decline amid market pressures.
- Potential policy changes may impact financial markets and cryptocurrency.
On December 1, 2025, U.S. President Donald Trump announced his selection for the next Federal Reserve chair, anticipating support for interest-rate cuts amid significant market volatility, including a Bitcoin selloff.
Trump’s decision is critical as it influences economic policy amidst cryptocurrency market fluctuations, impacting Bitcoin’s volatility and possibly guiding future regulatory actions in digital currency markets.
On December 1, 2025, Donald Trump announced his decision for the new Federal Reserve chair during an interview. The nomination aims to support interest-rate cuts amidst market volatility, including a noticeable downturn in Bitcoin prices.
The U.S. President’s selection is expected to influence future economic policy. This follows a significant Bitcoin selloff, attributed to broader market pressures. Michael S. Selig had earlier been confirmed as the CFTC Chairman.
The decision has impacted cryptocurrency markets, notably with a 5.4% decline in Bitcoin prices overnight. Broader financial markets are experiencing similar pressures due to volatility concerns.
Trump’s comments suggest potential interest-rate relief, which many hope will stabilize economic conditions and address the challenges faced by both cryptocurrency and traditional markets. Donald Trump, U.S. President, stated, “I know who I am going to pick, yeah… We’ll be announcing it.” – Bloomberg Television interview
The financial implications are wide-reaching, with potential ramifications for trading entities and investors. Markets are closely monitoring the Federal Reserve’s future policies and their effect on cryptocurrencies.
Regulatory changes, such as the CFTC’s pilot programs for tokenized collateral, indicate evolving attitudes towards crypto-assets. These initiatives reflect broader interest in adapting financial frameworks to modern market realities.
