Jerome Powell has not been replaced as Chair of the Federal Reserve. His term will end in May 2026, and there is speculation about the possibility of his early resignation due to political pressure and criticism of monetary policy.

Replacing Powell could have a significant impact on financial markets, including cryptocurrencies:
- Monetary policy: If his replacement is more dovish, it could trigger lower interest rates and increased liquidity, benefiting risk assets like cryptocurrencies.
- Volatility: Uncertainty about Powell's replacement could trigger volatility in crypto and stock markets.
- Crypto prices: If his replacement supports looser monetary policy, it could boost the prices of cryptocurrencies like Bitcoin and Ethereum.
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