The post Trump Says Next Fed Chair Must Immediately Cut Rates as Traders Bet on 2026 Cuts appeared on BitcoinEthereumNews.com. U.S. President Donald Trump has again signaled that the next Fed chair must immediately cut interest rates. This comes as crypto traders have already begun to bet on how many rate cuts the Fed is likely to make next year, even as Trump is likely to gain more control of the FOMC. Trump Sets Immediate Rate Cuts As Requirement For Next Fed Chair During a Politico interview, Trump stated that immediate rate cuts would be a litmus test for whoever replaces Jerome Powell. This comes as the U.S. president continues to push for lower interest rates. As CoinGape reported, rate-cut advocate and White House economic advisor Kevin Hassett has emerged as the favorite to become the next Fed chair. Polymarket data show a 77% chance that Trump nominates him to replace Powell. The U.S. president has stated that he could announce the new chair by early 2026. Source: Polymarket Trump also recently described Hassett as the potential Fed chair, again signaling that he has made his decision on who will replace Powell. Hassett has continued to advocate for lower cuts and recently stated that the Fed should lower rates by 25 basis points at tomorrow’s FOMC meeting. The U.S. president is likely to gain more control over the FOMC with his nomination of a rate-cut advocate. Notably, three out of the seven Fed Governors, Chris Waller, Michelle Bowman, and Stephen Miran, have already shown their willingness to lower interest rates. However, it is worth noting that the next Fed chair will take over Miran’s seat, whose term expires in January. As such, Trump would still need to win over one seat on the Fed Board to gain a majority, as Powell’s tenure on the board doesn’t end until 2028. There is a possibility that Powell may resign after his term as… The post Trump Says Next Fed Chair Must Immediately Cut Rates as Traders Bet on 2026 Cuts appeared on BitcoinEthereumNews.com. U.S. President Donald Trump has again signaled that the next Fed chair must immediately cut interest rates. This comes as crypto traders have already begun to bet on how many rate cuts the Fed is likely to make next year, even as Trump is likely to gain more control of the FOMC. Trump Sets Immediate Rate Cuts As Requirement For Next Fed Chair During a Politico interview, Trump stated that immediate rate cuts would be a litmus test for whoever replaces Jerome Powell. This comes as the U.S. president continues to push for lower interest rates. As CoinGape reported, rate-cut advocate and White House economic advisor Kevin Hassett has emerged as the favorite to become the next Fed chair. Polymarket data show a 77% chance that Trump nominates him to replace Powell. The U.S. president has stated that he could announce the new chair by early 2026. Source: Polymarket Trump also recently described Hassett as the potential Fed chair, again signaling that he has made his decision on who will replace Powell. Hassett has continued to advocate for lower cuts and recently stated that the Fed should lower rates by 25 basis points at tomorrow’s FOMC meeting. The U.S. president is likely to gain more control over the FOMC with his nomination of a rate-cut advocate. Notably, three out of the seven Fed Governors, Chris Waller, Michelle Bowman, and Stephen Miran, have already shown their willingness to lower interest rates. However, it is worth noting that the next Fed chair will take over Miran’s seat, whose term expires in January. As such, Trump would still need to win over one seat on the Fed Board to gain a majority, as Powell’s tenure on the board doesn’t end until 2028. There is a possibility that Powell may resign after his term as…