¿La lista de reformas de Wosh es lo suficientemente dura, reduciendo el balance y hablando menos, la Reserva Federal finalmente volverá a ser una burocracia técnica?

The New York Times reports that Powell will step down and Waller will succeed him, with monetary policy entering a re-pricing phase. Waller proposed reforms for the Federal Reserve: re-evaluate inflation models, reduce the balance sheet, lower the frequency of forward guidance, strengthen coordination with the Treasury, and criticized overexpansion of functions and excessive market interventions. During Powell's tenure, he experienced pandemic easing, high inflation, 11 rate hikes, ultimately lowering inflation without causing a recession. The market shows clear divergence in the first meeting with the new chair, with most officials unwilling to cut rates and even discussing further hikes, indicating that future interest rate paths and global pricing will be affected.