Powell's Federal Reserve "palace drama" unfolds, the market shivers, Bitcoin and gold celebrate together? 🔥
Oh dear, the Federal Reserve is about to change! In May 2026, our leader Jerome Powell, who has "no economic background yet sits firmly in the fishing platform", will have to exit gracefully as his two terms come to an end. But the White House is still keeping it a secret and hasn't rushed to push a successor. The two parties in Congress are already in a heated argument, and the global market has directly entered a chaotic mode.
This battle for succession has already turned into a heated "palace drama"! Among the popular candidates, the "two Kevins"—Kevin Hassett (Trump's economic steward) and Kevin Warsh (former Fed veteran)—along with current board member Christopher Waller, are taking turns in interviews. Trump has made it clear: the new chairman must believe in the "great reduction in interest rates" doctrine! Hassett, as a loyal fan, has the highest market appeal and is practically the "shadow chairman" in reserve; Waller relies on his professional background and independence to gain popularity but must also express support for rate cuts; Warsh is experienced, but it depends on the president's mood. The political game is even more thrilling: Senate Democrats barely lead, while Republicans are eager to intervene, and the independence of the Federal Reserve is facing a major test—if Trump publicly confronts the chairman again like in 2018, it will be quite a spectacle.
High rate defenders vs. rate cut vanguards, who do you think will laugh last? Will the policy shift upon taking office directly ignite the global market? Anyway, right now, everyone is sweating—this grand play by the Federal Reserve is even more exciting than a U.S. drama! 😂