$BTC $ETH $ZEC
Is the market in a panic? If Trump’s "close ally" takes charge of the Federal Reserve, is a rate cut storm on the way? 欢迎大家到直播间聊聊趋势
Recently, Wall Street has been a bit "explosive"—it has been reported that major players in the bond market are privately expressing their concerns to the U.S. Treasury about Trump potentially nominating Kevin Hassett as Fed Chairman!
Why the panic?
Investors fear that if Hassett takes office, he will disregard inflation and aggressively ease monetary policy to cater to Trump's "rate cut frenzy." After all, Trump recently criticized Powell as a "stubborn mule," complaining that this year's rate cuts have been too mild...
Moreover, seasoned market participants bluntly stated: "Who wants to experience another 'Truss-style shock'?" (Remember the UK bond market collapse in 2022; those who know, know!)
The key questions arise:
· If inflation rebounds next year, will the Fed's aggressive easing lead to a massive sell-off of long-term U.S. Treasuries?
· With Hassett being so close to Trump, can the Fed's independence be maintained?
Although Hassett has an impressive resume (having served multiple presidents and worked at the Fed), the market seems to favor other candidates, such as Rick Reed from BlackRock or Fed Governor Waller—believing they are "further from Trump" and more reliable.
The suspense continues:
Trump has stated he will announce his pick "earlier" next year, and Hassett remains a popular choice. Once the news broke, the dollar briefly plunged...
So, do you have confidence in Hassett?
If he really takes office, will the market face a new round of turbulence, or will it be a "smooth transition"?
Share your thoughts in the comments!👇
