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Trump's personnel arrangements are emerging; the next Federal Reserve Chair candidate may already be decided?
【Crypto World】There are new developments in the Federal Reserve’s policy movements. Market “barometer” Nick Timiraos recently stated that Trump intends to keep Kevin Hasset as the Director of the National Economic Council. The significance behind this personnel arrangement is that—Kevin Waugh, a former Federal Reserve Board member, has become the strongest contender to be the next Federal Reserve Chair.
This is no small matter for the market. The choice of the Federal Reserve Chair directly influences the upcoming monetary policy direction, which in turn affects the entire asset market trend. What kind of policy tone does Waugh’s appointment imply? The market is waiting for an answer.