#下任美联储主席会是谁？ #MAGA A 'Covert Battle' Concerning the Liquidity Trends of 2026

The current term of Federal Reserve Chairman Powell will end in May 2026. Who will succeed him? This is not only a personnel issue but also a major matter determining the tightening or loosening of global liquidity in the next two years.

The selection process has begun, with potential candidates including Treasury Secretary Basant, White House economic advisor Hassett, former governor Warsh, and current governor Waller. Although the White House claims the nomination is 'not urgent', the market has already begun to price it in. The key question is whether the successor will emphasize independence like Powell or lean towards cooperating with the White House (especially the Trump administration) on interest rate cuts?

Trump has previously criticized Powell multiple times, even suggesting a 3 percentage point rate cut. If a more 'compliant' chairman takes office, it could mean a more accommodative and rapid rate-cutting cycle. This would undoubtedly be a significant boon for the cryptocurrency market, as cheaper dollars will chase higher-yielding risk assets.

However, the risk of intervening in the independence of central banks is enormous and could undermine the credibility of the dollar, triggering turmoil in financial markets. The outcome of this 'covert battle' will set the macro tone for the market in the second half of 2026.

The interest rate game in the macro world affects the flow of global capital, while some value flows are unrelated to interest rates. Regardless of who the Federal Reserve Chairman is, #GiggleAcademy delivering free education to children around the world will not cease. #MAX community efforts are ensuring that this value flow reaches the most remote 'end points'. @Max Charity