#Gate广场五月交易分享 The Federal Reserve Chair Change Tomorrow: Today’s Cryptocurrency Market Shakes and Retraces, What Impact Will Waller’s Appointment Have on the Crypto World?

Federal Reserve Chair Change Tomorrow: Waller Takes Over, Crypto-Friendly Policies Could Become the Biggest Variable
On May 15th, Powell’s eight-year term officially ends, and he will remain as a board member for a period to ensure a smooth transition. Meanwhile, Kevin Waller, nominated by Trump and confirmed by the Senate on May 13th, will officially become the 17th Chair of the Federal Reserve.
Waller served as a Federal Reserve Board member from 2006 to 2011, is a well-known market-oriented figure, and has publicly called Bitcoin “a good policeman for policy,” which is rare among past chairs.
After Waller takes office, his monetary policy style is expected to focus more on economic growth rather than solely fighting inflation. Although inflation pressures remain (PPI data warns), the Trump administration hopes to stimulate the economy through rate cuts, and Waller may signal a more dovish stance at the June FOMC meeting.
Historical experience shows that the initial period after a Federal Reserve Chair change often involves market volatility: new chairs need to establish authority, and short-term hawkish statements may increase fluctuations; but in the medium to long term, if policies shift toward easing, abundant liquidity will benefit risk assets.
Every Federal Reserve Chair change is a drop—will this one be an exception? Get ready!