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The Federal Reserve Chair Race: Trump's "Impossible Task"
The new Fed chair candidate is caught in a dilemma—Trump's appetite is astonishingly large. On one hand, he wants to aggressively cut interest rates to stimulate the economy; on the other, he must appease Wall Street's elite, and MAGA loyalists can't be abandoned. The Senate vote also needs to pass. Essentially, it's like searching for a perfect candidate who doesn't even exist.
It's not just that. Following the Department of Justice's investigation into the current chair, divisions immediately emerged within the Republican Party, with some publicly opposing, causing one controversy after another. The spotlight over Greenland hasn't faded, and all these messy issues are tangled together, making constant trouble.
Four candidates are vying for the position: Hasset, Reed, Waller, and Wosh. But each has its flaws. One is accused of being too globalized, another lacks independence, and some don't even seem to be "Trump people." Bessant is secretly plotting something behind the scenes, and every time he speaks, it sounds like a riddle—no one can fully see through his tactics.
The fate of the current chair, Powell, remains uncertain, with Tillis undermining him in key positions. Trump claims that "the candidate has been decided long ago," but there's no official announcement yet. With the Davos Forum about to open, will this personnel drama have a plot twist? The market is waiting, and the crypto community is even more eager. Once policy signals become clear, it could mean a new cycle of market rises and falls.