If Powell takes office, the Federal Reserve might shift to easing to preserve jobs? But the market is currently betting on rate hikes, not cuts. This divergence is interesting.

BlackRock analysts say that under Wosh's leadership, the Federal Reserve may have sufficient reason to cut interest rates, as future labor market pressures could either keep rates steady or lead to a rate cut. This view diverges from the market's general expectations, with investors placing more importance on the Fed's credibility in fighting inflation rather than catering to Trump's demands for low interest rates. Currently, the market is almost certain that rates will be raised before December.