Mnuchin Initiates Interviews for Federal Reserve Chair Selection

U.S. Treasury Secretary Mnuchin will start interviewing 11 candidates for the Federal Reserve Chair, including Governors Waller and Bowman, beginning Friday, continuing into next week.

The selection of the Federal Reserve Chair could shape U.S. monetary policy, potentially influencing financial markets and economic stability amidst ongoing global economic uncertainties.

Mnuchin Begins Selection of Federal Reserve Chair

Mnuchin begins interviewing this Friday for the next Federal Reserve Chair, meeting 11 candidates via video and in-person sessions, according to sources.

The decision is crucial for steering U.S. monetary policy, affecting interest rates and economic stability, with market participants closely watching.

“In 2025, the U.S. Securities and Exchange Commission will launch Project Crypto, while the U.S. will also introduce the stablecoin legislation GENIUS Act, which will create decades of opportunities for ETH, similar to the transformation Wall Street experienced after the U.S. dollar officially abandoned the gold standard in 1971.” – Thomas “Tom” Lee, Chairman, BitMine

Ethereum Price Soars Amid Federal Reserve News

Did you know? Mnuchin’s decision-making in 2025 echoes historical precedents in 2017 when economic leaders faced challenges in managing inflation amid global market uncertainties.

Ethereum (ETH) is currently valued at $4,340.88, holding a market cap of $523.97 billion, reflecting a 13.66% dominance. The 24-hour trading volume stands at $39.65 billion, representing an 11.74% increase. Over 60 days, ETH’s value surged 72.11%, though there’s been a 0.88% decline in the last 24 hours, sourced from CoinMarketCap.

Coincu research team evaluates the ongoing regulatory landscape’s probable impact on cryptocurrency markets. They note the potential for extensive institutional involvement, which may drive technological advancements and create frameworks for stablecoin legislation while supporting long-term asset growth.