Kevin Woorse officially takes over as Chairman of the U.S. Federal Reserve from Powell. The extent of the impact of this matter far exceeds any other major event in the world, including the blockade of the Strait of Hormuz and the war between Russia and Ukraine. The Federal Reserve Chair’s monetary policy will affect the pricing of all assets globally, and this logic has shifted. Before taking office, Woorse said he likes chaotic meetings—don’t bring out the arranged items and speak them like in traditional ways, but hold a family-debate-style discussion, similar to brainstorming. He also said there should be systemic reforms to the Federal Reserve, and the thing that affects the market the most is called “rate cuts and balance sheet reduction.” U.S. stocks will plunge $NVDA