Controversy Arises Over Walsh's Leaked Testimony, Analyst: Poor Conduct for a Role Requiring Strict Information Control

On April 21, the U.S. Senate Banking Committee will hold a confirmation hearing for Walsh at 10 AM ET (10 PM Beijing time) on Tuesday. Forex analyst Adam Button noted that since his nomination, Walsh has been particularly low-key, indicating that tomorrow will be the first real opportunity for the public to understand his stance. The market is already familiar with Walsh from before his nomination, and his background sounds hawkish. His dovish inclination lies in his belief that productivity is about to soar, suggesting that interest rates should be lowered, which aligns perfectly with Trump’s wishes. Senators will take note of this, and he will face questioning. Reports from Politico indicate that he will at least go through the motions. I am unsure if anyone will believe what he is about to say, but once Trump abandons the investigation into Powell, his confirmation is essentially a done deal. Tomorrow is a hearing, not a vote. What concerns me is that his testimony has leaked to Politico, which is already poor conduct for a position that requires strict information control. The only question that truly matters for the currency market and interest rates is: independence. Will Walsh defend it, avoid it, or be obedient? How tough will he appear? Can he convince others without saying something that would lead Trump to withdraw his nomination? Given all the dramatic events surrounding Iran, this hearing may not attract as much attention as usual.