In accordance with 528btc, Kevin Hassett, a leading contender to replace Jerome Powell as Federal Reserve Chair in 2026, has caused a split in market reactions. Bond investors have privately warned the Treasury that Hassett may push for aggressive, politically motivated rate cuts, risking Fed independence and inflation control. Meanwhile, crypto traders view his dovish stance and pro-crypto background, including his past advisory role at Coinbase, as favorable for Bitcoin and Ethereum, expecting increased liquidity and a weaker dollar. Prediction markets currently give Hassett a 75% chance of becoming the next Fed Chair.
Kevin Hassett's Potential Fed Chair Bid Sparks Crypto and Bond Market Divergence
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