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Trump picks a 'compliant' new helmsman? A Federal Reserve battle that will decide global wallets
Who will take charge of the Federal Reserve may be the most important concern for our wallets next year. Trump has taken action, and his latest top candidate is an 'about-face' old acquaintance. #加密市场反弹
🔥 Core plot: He needs a 'compliant' chairperson
Trump has made his script clear: lower interest rates, immediately, right now! He publicly stated that he hopes interest rates can drop to '1% or even lower' in a year. For this, he has even directly requested that the future Federal Reserve chair should 'consult his opinion' when setting interest rates.
Current chair Powell has become his 'thorn in the eye' for not wanting to cut rates quickly, being publicly insulted multiple times as a 'fool' and 'Mr. Too Late,' and even facing threats of dismissal and extreme pressure to resign. But Powell's term lasts until May next year, and Trump can't wait; he needs a new leader who can execute his will.
🎯 Top candidate: Why is it 'recycled' Kevin Warsh?
The latest frontrunner is former Federal Reserve Governor Kevin Warsh. Behind this is a shrewd move:
· From 'hawk' to 'dove': Warsh was once a well-known inflation hawk, but this year he has changed his stance, publicly supporting interest rate cuts and defending Trump's tariff policies, perfectly aligning with the president's needs.
· Both an insider and professionally dressed: Compared to another popular candidate, Trump's long-time loyal advisor Kevin Hassett, Warsh has experience working within the Federal Reserve. Even JPMorgan CEO Jamie Dimon has commented that he 'will become an outstanding chair,' which helps to assuage market concerns about the candidate being overly politicized.
· Historical reversal: Ironically, Trump interviewed Warsh in 2017 but ultimately chose Powell, whom he now detests. Now Warsh seems to be about to 'take over,' adding a dramatic twist.
💥 Eye of the storm: The torn Federal Reserve and market fears
This leadership change is far more than just personnel changes; it is shaking the foundation of the modern financial system — central bank independence.
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