On May 11, the Federal Reserve will experience a major personnel change this week, with nominee Kevin Woor expected to be confirmed by the Senate on Monday and officially take over from Powell on May 15.

Once Woor is confirmed, he may initiate sweeping reforms. At last week's hearing, he called for the abolition of the "dot plot" and a re-examination of forward guidance mechanisms, which means the core framework supporting global asset pricing over the past 15 years faces a fundamental transformation, and the pricing logic of stock, bond, and currency markets may be completely reshaped.

Woor is a clear and consistent bullish advocate for AI. By the end of 2025, he publicly stated that AI is a powerful structural "de-inflation" force. In his view, the productivity leap brought by AI can allow the economy to maintain rapid growth without necessarily pushing up inflation. He also highly praises blockchain, calling it "the latest and most disruptive foundational software," and believes the U.S. must stay ahead in this field to maintain long-term competitiveness.

Note: The primary responsibilities of the Federal Reserve are issuing currency, regulating the money supply, and implementing monetary policy. Its fundamental functions are to maintain financial stability in the U.S. and support economic growth through monetary policy. The Chair and Vice Chair of the Federal Reserve are chosen from the current seven board members, nominated by the President, and can only assume office after two-thirds approval by the U.S. Senate. Each term lasts four years and can be renewed. #Gate广场五月交易分享