Why chair Is Trending Today?

Kevin Hassett, a former Trump advisor and known crypto enthusiast, has emerged as the front-runner for the position of Fed Chair, potentially replacing Jerome Powell. This development has sparked interest in the crypto market, with Bitcoin experiencing a rise, and is also raising discussions about potential conflicts of interest. Market watchers are keenly observing the potential impact of Hassett's appointment on the dollar and global currencies like the Rupiah.

Kevin Hassett, a former Trump economic advisor with ties to the crypto industry, has emerged as the leading candidate to replace Jerome Powell as the next Fed Chair. Trump is reportedly favoring Hassett, who aligns with his low-rate priorities, and betting markets reflect this, with Hassett being the top pick for the position. If appointed, Hassett's crypto background could potentially impact the crypto market.