Waller Dey Lead Fed Chair Race, Support Rate Cuts, Stablecoins
Fed governor Chris Waller don be di main candidate to succeed Jerome Powell as Fed Chair, with Polymarket odds of about 45%. For di last FOMC meeting, e hold different side, vote for immediate 25bps rate cut, show say political momentum for easing don get stronger because former President Trump talk strong against high rates. Waller get PhD for monetary theory, na im build di FRED database for St. Louis Fed. E see most cryptocurrencies na speculative “trading cards” but e support regulated stablecoins for payment efficiency and global dollar expansion, e dey urge Congress make dem pass law for stablecoin reserves and make sure no run happen. Waller also sabi DeFi benefits like 24/7 settlement and smart-contract automation. If e confirm, new Fed Chair fit quicken rate cuts once inflation cool down, boost liquidity and risk assets. Im pro-stablecoin stance and clearer crypto regulation fit reduce policy uncertainty and support good crypto market outlook. Currently, crypto market capitalization na $3.87 trillion with daily volume of $174.14 billion; traders suppose dey watch tokens wey ready for compliant tokenization.
Bullish
Chris Waller front-runner status for Fed Chair, plus him insist for rate cuts and regulated stablecoins, likely go boost liquidity and reduce policy uncertainty—wey key drivers for risk-asset flows. For short term, traders fit see rally as market dey price in faster easing and clearer crypto rules. For long term, Waller support for stablecoin law and DeFi framework fit spur compliant tokenization, boost institutional participation and steady growth for crypto market.