Treasury Secretary Scott Bessent is interviewing 11 candidates as Jerome Powell’s term nears its 2026 end, with several contenders noted for their stance on crypto and stablecoin policy.
The White House confirmed that Treasury Secretary Scott Bessent has started interviewing 11 candidates to succeed Federal Reserve Chair Jerome Powell, whose term ends in May 2026. Leading contenders include Christopher Waller, Michelle Bowman, and Philip Jefferson. Waller is recognized for his dovish monetary stance and clear position on stablecoins. Other candidates, including David Zervos and Rick Rieder, are also considered crypto-friendly, potentially influencing stablecoin regulation and institutional adoption of digital assets. Observers note that political involvement in the selection process could raise concerns about Fed independence, with implications for U.S. monetary policy and crypto market regulation.