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US President Donald Trump is scheduled to interview Federal Reserve Governor Christopher Waller, a cryptocurrency supporter, today as he considers a successor to current Federal Reserve Chairman Jerome Powell.
This is according to people familiar with the matter cited in a December 16 report by the Wall Street Journal..
Waller is said to be one of five candidates being considered, along with frontrunners Kevin Hassett, director of the National Economic Council and president of the Federal Reserve. Kevin Wash.
On Polymarket, a decentralized prediction markets platform, traders gave Hassett a 54% chance of succeeding Powell, with Warsh coming in second with a 23% chance. Waller’s chance increased from 9% to 19%.
Contract asking who Trump will nominate as the next Federal Reserve Chairman (Source: Polymarket)
While Hassett is the most popular, he According to reports It faced backlash from senior officials close to Trump.
Waller appears to be a cryptocurrency advocate
Waller joined the Federal Reserve Board of Governors after being nominated by President Trump in 2020 and is considered a supporter of the cryptocurrency industry.
He said he sees stablecoins as “simply a new form of private money” that will coexist with other payment methods, and floated the idea of a “skinny” Fed Master account that would allow cryptocurrency companies to limit their access to the traditional financial system.
He pledged at the Fed’s first Payments Innovation Conference in October that the Fed would embrace the digital asset space.
“I wanted to send the message that this is a new era in Federal Reserve payments, and the DeFi industry is not viewed with suspicion or contempt,” he said.
There’s more drama in the FED chairman nomination.
Waller is scheduled to interview Trump. Christopher Waller is the most optimistic candidate, even more optimistic than Hassett.
Imagine Trump choosing Waller. It was truly a great event. Now Hassett is back in the lead. With the highest probability… https://t.co/fF6OO6pLL7 pic.twitter.com/oj1xTaDezU
— Radi (@asymmetryfinder) December 16, 2025
Trump wants interest rates cut
Trump has publicly criticized Powell for not being aggressive enough when it comes to lowering interest rates.
The Federal Reserve announced three consecutive interest rate cuts this year, raising the benchmark interest rate to the current range of 3.50-3.75% earlier this month. President Trump said this was too little, too late and was pushing for even bigger cuts.
WSJ said Waller has been a leading advocate for lower interest rates. When the Federal Reserve froze interest rates in July, he supported the rate cut.
Meanwhile, the Fed governor received favorable evaluation from Wall Street after making logically sound arguments for the Fed’s recent interest rate cut, the report added.
However, he is still seen as an underdog because Hassett and Warsh are believed to have closer personal ties to Trump.
Treasury Secretary Scott Bessant said earlier this week that Trump will likely announce his candidacy next month. Chairman Powell’s term expires in May 2026.
Some experts said the new Fed chairman could be bullish on the cryptocurrency market. Among them is BitMine Chairman Tom Lee, who said the new chairman would shift the central bank to a more dovish tone.
This could provide a boost to the cryptocurrency market, which has been in a slump since the record $19 billion liquidation event on October 10.
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