In an interesting turn of events, Federal Reserve Governor and prominent stablecoins advocate Chris Waller has emerged as the frontrunner to become the next Fed Chairman. This development comes amid a monetary policy battle between US President Donald Trump and current Fed Chairman Jerome Powell.

Trump’s Fed Chair Candidate?

Over the past few months, Trump has publicly criticized Powell over the Fed Chair’s decision to maintain the market interest rate in the range of 4.25% – 4.50%. Notably, the head of the US apex bank has consistently rejected calls to lower this rate, fearing sporadic inflation, despite potential benefits such as stimulating economic growth due to lower borrowing rates.

This policy stalemate between the White House and the Federal Reserve has resulted in statements

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