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After Wosh confirmed the succession, did Wall Street finally get the "person who cares about the market"?
The Federal Reserve chair change has made the atmosphere on Wall Street sweeter.
After Wosh officially confirmed, the market's first reaction wasn't "how is the economy," but "will it be easier to rise in the future."
Because in the eyes of the capital market, a new chairperson willing to focus on financial stability often means: when the market crashes badly, policies may be more likely to favor it.
This is like a long drought finally ending with a sweet rain for U.S. stocks.
Especially the tech sector immediately entered "emotion accelerator" mode. AI, chips, growth stocks rebounded one after another, and investors' confidence was successfully recharged.
But ordinary Americans might not be smiling.
Many American families are now gasping under high interest rates. Car loans, mortgages, credit card interest rates are all rising, and young people are increasingly questioning: "Is the American Dream just a pay-in-installments version?"
Wosh's biggest challenge ahead is how to satisfy two groups at the same time:
The capital market wants interest rate cuts;
Ordinary consumers want prices to fall.
The problem is, these two things sometimes directly conflict.
If the market prematurely expects easing, financial assets will continue to inflate; but if inflation rebounds, the ones who end up hurt are ordinary families.
What's more interesting is that the world is watching the U.S. closely.
Europe worries about dollar fluctuations, Japan is tense about exchange rate volatility, and emerging markets hope for capital to flow back in.
The current Federal Reserve is no longer just the U.S. central bank; it’s more like the global financial master switch.
And Wosh has just taken office, and the market has already started "making wishes" in advance.
Some expect a big bull market;
Some worry about a big bubble;
And others have already begun to study whether the next crisis might arrive early.
History repeatedly proves that the most dangerous time in the capital market is often not during a crash, but when everyone starts to think "it's stable."