Trump to Appoint Bitcoin-Skeptic Powell as Fed Chair

[tyz]

President Trump is widely expected to nominate Federal Reserve Board of Governors member, Jerome H. Powell, for Senate confirmation as the next chair of the Federal Reserve. The potential Fed chair has previously stated what he sees as a tension with bitcoin as the Fed “could face difficult trade-offs between strengthening security and enabling illegal activity.” Mr. Powell has held a Fed governor’s seat since 2012, and is currently at the relative beginning of a term that would have kept him installed until 2028.