The Trump camp is vigorously promoting Kevin Walsh as the next Chairman of the Federal Reserve, with market bets on his nomination now surpassing the previous frontrunner, Hassett. According to BlockBeats, on December 16, Trump's confidants are fully pushing for Walsh's appointment. Deutsche Bank analysts pointed out that if Walsh is ultimately elected, he is likely to support interest rate cuts and continue the process of reducing the Federal Reserve's balance sheet. As a former member of the Federal Reserve, Walsh has a clear stance on monetary policy. He openly states that the root of the current inflation problem lies in the Federal Reserve's own policy mistakes, rather than external factors, and calls for a clarification of responsibilities between the Federal Reserve and the Treasury, with each performing its own duties — the Federal Reserve should focus on its core function of monetary policy formulation and withdraw from non-core areas such as climate change and social inclusion. Regarding the economic outlook, Walsh is optimistic. He firmly believes that the proliferation of artificial intelligence technology and the advancement of deregulation reforms will drive explosive growth in U.S. productivity, injecting strong momentum into the U.S. economy. It is worth mentioning that Walsh has both official work experience and market practice background. From 2006 to 2011, during his tenure as a Federal Reserve Board member, he criticized quantitative easing policies multiple times and advocated for tightening monetary policy; currently, he is both a partner at Duquesne and a lecturer at Stanford University, deeply involved in financial market practices and sharing insights on monetary policy in the academic field. However, the selection of the Federal Reserve Chairman must be nominated by the President and approved by the Senate, and there is still uncertainty regarding the subsequent nomination process and policy implementation. #特朗普立场 #美联储何时降息?
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