Trump's next move on the Fed chair could reshape markets. According to recent statements, the incoming administration is eyeing a replacement for Powell, with an announcement possibly coming in January. But there's a catch—the threat to potentially remove Powell hasn't been entirely taken off the table either. This kind of policy uncertainty around central bank leadership tends to ripple through financial markets, including crypto trading volumes and sentiment. Whether it's a personnel shift or a policy pivot, Fed leadership changes historically matter for asset allocation and macroeconomic cycles.