#美国政府关闭 Federal Reserve Chairman change? The liquidity inflection point may arrive earlier.

Recently, explosive news has emerged in the economic circle: White House economic advisor Hassett has publicly stated that he is willing to take over from Powell as the chairman of the Federal Reserve, and advocates for aggressive interest rate cuts to start in December — this statement far exceeds Wall Street's current expectations.

Let's first take a look at the background of this candidate:
Hassett claims to have worked at the Federal Reserve for five years, receiving endorsements from both party members, emphasizing policy neutrality. However, what he is most controversial about is directly attacking the current team's "decision-making is too mixed with non-economic factors," even stating he wants to restructure the research department and recruit a new forecasting model team. This clearly questions Powell's robust approach of "letting the data speak."

If personnel changes really occur, what changes might the market experience?
Hassett is a typical dove. During Trump's first term, he repeatedly suggested lowering interest rates to stimulate the economy. With the global economic growth slowing down, if he were to take the helm of the Federal Reserve, 2024 could very likely become a year of interest rate cuts — a loose monetary environment has always been the strongest catalyst for high-beta assets like cryptocurrencies.

Here are a few reminders for ordinary investors:
First, we are still in the stage of public opinion testing. Powell's term will not end until 2026, and there is at least more than a year until the actual transition.
Second, pay close attention to the interest rate meeting in December. If there is an unexpected rate cut this month, it may indicate that the policy direction is changing. At that time, consider increasing the spot positions of mainstream cryptocurrencies like Bitcoin and Ethereum.
Third, if the interest rate cut cycle is truly established, the valuation logic of the DeFi sector and staking tokens will be more straightforward. When the cost of funds decreases, the attractiveness of on-chain yield products will significantly increase.
Fourth, never forget risk control. Political games are full of uncertainties; any bets based on policy expectations must set a stop-loss line, and it is crucial to avoid going all in on a single narrative.

What do you think, if the Federal Reserve really changes leadership, is there a possibility that Bitcoin could hit the $120,000 mark by the end of the year?