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Trump Says Next Fed Chair Decided; Bitcoin Slides Below $86,000 | The Pulse 12/1
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December 1, 2025
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48:39Now PlayingUS President Donald Trump says he has decided who will be the next Federal Reserve chair, but he won't be announcing it just yet. Bloomberg understands that White House National Economic Council Director Kevin Hassett is seen as the likely choice to succeed Jerome Powell. Hassett described the report as a rumor, but has said he would take the job if asked.
Cryptocurrencies fell sharply on Monday, bringing fresh momentum to a wide-ranging selloff that appeared to have settled. Bitcoin slid as much as 6% to below $86,000 in early Asia trading, while Ether dropped more than 7%. The original cryptocurrency shed 16.7% of its value in November, but regained ground last week. After the latest bout of selling on Monday, traders are bracing for bigger moves lower.
Today's guests: Sam Lynton-Brown, BNP Paribas Markets 360; Timothy Ash, RBC BlueBay
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
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