On September 6, President Trump announced the shortlist for the next Federal Reserve chair has narrowed to three candidates. Kevin Hassett, head of the White House National Economic Council, is on the list but not confirmed. Other potential picks include former official Kevin Warsh and current Fed governor Christopher Waller, while Treasury Secretary Besent has ruled himself out. The development adds to policy uncertainty, particularly as rate-cut expectations rise and the U.S. dollar trends weaker.
In macro markets, a September rate cut is seen as almost certain, but the pace of further easing will depend heavily on the new chair. A dovish appointment could accelerate monetary loosening and pressure the dollar, while a neutral or hawkish choice may force markets to reprice the policy path.
In crypto, BTC liquidity shows strong support at $108,500–$109,000 and resistance at $113,500–$114,000. ETH is holding above the $4,250 support zone, with resistance at $4,500.
Bitunix Analyst’s View: The uncertainty around the Fed chair nomination will shape market sentiment in the coming weeks, alongside labor and inflation data. While markets lean toward trading the “rate-cut story,” a surprise hawkish appointment could trigger a USD rebound and weigh on risk assets. Traders should watch BTC’s $109K support and $114K resistance, as well as ETH’s $4,250 support and $4,500 resistance.
