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【Fed Chair Nomination Saga: The Market Awaits a "Perfect Person"】
Trump is a bit annoyed now—finding the next Fed Chair isn't as straightforward as he thought.
The person he has in mind must meet a bunch of seemingly contradictory conditions: on one hand, push for aggressive rate cuts and implement economic policies; on the other hand, appease both Wall Street and grassroots supporters, without offending either side; and finally, secure votes from the Senate. In other words, they need to find a "unicorn."
But reality is far from ideal. Powell's situation is still in the spotlight, opposition is emerging within the Republican Party, and geopolitical risks are rising—it's impossible to craft a perfect candidate.
The four candidates on the table each have their own weaknesses:
· Hasset — accused of leaning towards globalization, not sufficiently "America First";
· Reed — no issues on Wall Street, but grassroots supporters are less satisfied;
· Waller — too independent, whether he would listen remains uncertain;
· Wosh — has been publicly praised before, but may not pass the Senate hurdle.
Someone behind the scenes at the White House is pushing issues that hit close to home: "Who will be the next Greenspan?"—they need to control monetary supply while also being a spokesperson for market confidence.
Whether Powell stays or leaves remains uncertain, as conservative institutions are actively lobbying. Trump claims someone has been chosen but has yet to make an official announcement. With the Davos Forum approaching, this personnel game continues to heat up.
Global investors are watching closely—who sits in the Fed chair will directly determine the future direction of interest rates and market liquidity. This "search for a person" concerns the entire financial ecosystem.