The recent tension between Trump and Powell is reshaping expectations around the next Federal Reserve chair. Warsh's odds have cooled considerably, while Hassett has surged back into the lead—now priced at 43% by major betting markets. This shift signals how market participants are recalibrating their views on future monetary policy direction. The Fed chair selection carries major implications for crypto volatility and broader asset allocation strategies, making every move in this political calculus worth monitoring closely.