#美联储新掌舵人 Will the Federal Reserve change? This 'contrarian' candidate at the helm might smash a century-old rule.
The world's most formidable financial institution is about to change its 'heart'—if Kevin Hassett becomes the chairman of the Federal Reserve, even the century-old rule of 'stabilizing prices before taking action' will be overturned. At that time, your monthly mortgage payment and the prices of groceries in supermarkets will all have to change scripts.
This guy made it onto the candidate list by doing the opposite of everyone else: While others study interest rate cuts and hikes, he focuses solely on 'taxation' and 'capital costs'—the traditional thinking is 'lowering interest rates encourages borrowing,' but he insists 'investments depend on policies providing benefits.' Under his watch, the Federal Reserve won't be hitting the brakes on the economy; it will be helping fiscal policy step on the gas.
Even crazier are his 'dark secrets': he wrote 'Dow Jones at 36,000 points' claiming 'stocks have no risk,' only for the internet bubble to turn that prediction into a '22-year-late joke'; during the pandemic, his models confidently claimed 'zero deaths by May,' yet over a million died, leading to accusations of 'using models to serve political needs.'
If he really takes office, these three bombs are guaranteed to explode:
① Inflation spikes to 3% without raising interest rates, under the guise of 'productivity can cover it';
② The Federal Reserve becomes a 'one-man show,' sidelining the professional opinions of its PhD team;
③ The bond market will collapse—investors won't trust him to manage inflation, and long-term interest rates could skyrocket.
This isn't just a change of leadership; it's turning the Federal Reserve from a 'price guardian' into an 'economic gambler.' You tell me, if Hassett really takes office, will the U.S. stock market soar to 36,000, or will it first crash the bond market? Bet in the comments section: which side are you on?