Trump recently stated that he will soon announce the appointment results for the next Chairman of the Federal Reserve. It is reported that former Federal Reserve Governor Kevin Walsh has become one of the most likely candidates for the nomination.

作为曾经的鹰派人,Walsh最近却转变立场,公开表达了对特朗普Rate Cut Policy支持。 他认为关税对通胀不会产生严重或长期影响,并预测未来美国通胀率将更接近美联储2%的目标水平。 However, even if he is appointed, there is still uncertainty as to whether Walsh will act exactly according to Trump's expectations.

From a market perspective, potential changes in the leadership of the Federal Reserve could trigger short-term volatility. If dovish leaders take office, the U.S. stock market, particularly the technology sector, may experience a strong rebound, and the U.S. Treasury yield curve could undergo significant fluctuations. The cryptocurrency market may also rise due to expectations of loose monetary policy. However, investors should be wary of the possible "expectations having been priced in" phenomenon, and the market reaction may not be as strong as anticipated.