US President Donald Trump is scheduled to interview Federal Reserve Governor Christopher Waller on Wednesday. This meeting is being reported by The Wall Street Journal through sources familiar with the situation.
Waller, who was appointed to the Federal Reserve Board by Trump in 2020 and is known for his pro-crypto stance, is a strong advocate for cutting interest rates this year. His potential nomination comes as Jerome Powell’s term nears its end in May 2026. Many Wall Street economists support Waller due to his consistent policy arguments.
Last week, Trump conducted interviews with Kevin Warsh, a former Fed governor, and Kevin Hassett, the National Economic Council’s director, both of whom are also leading candidates. Current predictions place Hassett at 53% for nomination, Warsh at 29%, and Waller at 15.3%.
A Positive Sign for Cryptocurrency
The cryptocurrency sector views Waller’s possible nomination as a positive step, particularly as he may promote master accounts for crypto firms, according to Caitlin Long, CEO of Cusodia Bank. She stated, “The timing couldn’t be better – tomorrow is his interview for Fed chair; he deserves strong consideration.”
Caitlin added her excitement on social media about the potential advancements for crypto-native companies under Waller’s influence, mentioning how he has been key in architecting these changes at the Fed.
However, according to The Wall Street Journal, Waller faces challenges due to his perceived lack of personal rapport with Trump compared to other candidates. Some of Trump’s allies consider his prior support for a interest rate cut in September 2024 to be disloyal.
Treasury Secretary Scott Bessent indicated that an announcement regarding the new chair is expected in early January, following interviews this week and next.
Trump is eager to replace Jerome Powell, critiquing him for being “too slow” in monetary policy adjustments. David Waddell, CEO of Waddell & Associates, stated that this change could lead to increased monetary and fiscal stimulus. The Federal Reserve has implemented three rate cuts in both 2024 and 2025, with the most recent reduction on December 10, dropping from 5.5% to 3.75%.
In closing, it seems Trump is keen on transitioning the Fed towards a more dovish approach as he takes a critical stance on past monetary decisions.
