Bank of America Global Fund Manager Survey: 69% Expect Kevin Hassett as Next Federal Reserve Chair Ahead of Trump’s Nomination Talk
Bank of America’s December poll of global fund managers indicates investors expect Kevin Hassett to be nominated as the next Fed chair, with 69% predicting the appointment, and only 4% each for Lael Brainard and Kevin Warsh. The survey preceded Trump’s remarks to The Wall Street Journal that Hassett or Warsh could lead the central bank as Powell’s term expires in May. In this context, policy expectations could shape monetary policy, a key input for the crypto market and Bitcoin.
While crypto traders should guard against policy-driven volatility, the evolving stance could influence liquidity conditions, inflation expectations, and risk appetite. As macro signals converge, Bitcoin and other cryptocurrencies may remain tethered to broader shifts in asset correlation, rather than any single nomination. Market participants should monitor Fed communications, inflation data, and regulatory developments to assess potential hedging or exposure strategies within a diversified crypto portfolio.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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