#Gate广场五月交易分享 Waller narrowly beats Federal Reserve Chair! Is the Trump approach coming? The rate cut camp is completely excited.

The news of Waller successfully taking the position of Federal Reserve Chair instantly ignited the market.
Because in many people's eyes, his biggest label is only one:
"More inclined to cut rates."
Wall Street is now starting to wildly speculate: Trump + Waller, will they open a "low interest rate frenzy"?
After all, Trump has never liked high interest rates. Because the higher the interest rate, the greater the pressure on US bonds, and the easier the economy is to slow down. The market even jokes: "Trump's biggest dislike isn't inflation, but a falling stock market."
But here’s the question.
Can the Federal Reserve Chair really listen entirely to the president?
Not necessarily.
Historically, the core task of the Federal Reserve has always been to control inflation. If inflation re-emerges, even if the president urges rate cuts every day, the chair may not dare to act rashly.
And now, the most awkward thing is that the US economy isn't showing obvious signs of recession.
Employment is strong, consumption is strong, and US stocks are hitting new highs. In this context, rashly cutting rates could easily cause inflation to explode again.
So even if Waller is dovish, he may not dare to step on the gas pedal all the way.
But the market is already excited in advance.
Because as long as "the future may be more accommodative," the valuation of risk assets will rise first. The crypto circle is especially sensitive; many funds have already started to pre-position for rate cut trades.
Simply put, what the market is speculating on now isn't reality, but expectations.
And the craziest time in financial markets is often when everyone starts trading "future fantasies." #沃什确认出任美联储主席