The first Federal Reserve Chair to take the oath of office at the White House since 1987, with Trump personally endorsing, but the market is already betting on interest rate hikes rather than cuts—this scene is a bit ironic.

ME News message, May 25 (UTC+8). Jinshi, this is the first Federal Reserve chair to be sworn in at the White House since Alan Greenspan in 1987, and also the first time he has appeared publicly alongside Trump since Trump selected him as his nominee in January. At the time of Wosh taking office, risks are highly concentrated. Inflation is rising, long-term government bond yields are climbing, and more and more investors believe that the Fed’s next step may not be the rate cut Trump is hoping for, but rather a rate hike. (Source: Jinshi)