PANews reported on November 19th that, according to US media reports, Trump stated that he believes he has identified his candidate for the next Federal Reserve Chairman, while claiming that someone is preventing him from firing the current central bank leader, Powell. Trump told a reporter, "I think I know my choice," but did not specify who it was. US Treasury Secretary Bessant stated that he has narrowed down the candidates to current Fed Governors Waller and Bowman, former Fed Governor Warsh, White House National Economic Council Director Hassett, and BlackRock executive Riedel. Trump said, "We have some surprising names, and some conventional names that everyone's talking about. We'll probably go the conventional way. It's good to occasionally go the politically correct route." Bessant had previously stated that he planned to submit his recommendations to Trump after the Thanksgiving holiday. The next Fed Chairman will have to maintain a careful balance: catering to Trump's desire for low interest rates while also maintaining investor confidence.
According to Fox News: U.S. Treasury Secretary Bessant stated that Trump will meet with three candidates for Federal Reserve Chair after Thanksgiving. "I can say with certainty that I will not become the Fed Chair," he said. President Trump may announce the next Fed Chair before Christmas.

Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more

