"Is the Fed Chair position a "battle of immortals"? Candidates are all invisible, and the White House is anxious!"

The selection game for the Fed chair is never as simple as just "choosing a banker" — it is the "North Star" of U.S. economic policy direction and also the "wind vane" of global financial markets.

The current selection process of "no frontrunner" hides multiple signals: on one hand, the tenure trajectory of the current chairman Powell and the Fed's future rate hike/cut path are deeply tied to this candidate; on the other hand, the White House has yet to receive a final list, which indirectly reflects the current dilemma of the U.S. economy characterized by "high inflation + weak recovery"—choosing a "hawk" risks crushing the economy, while selecting a "dove" raises concerns about inflation rebound, even the Treasury Secretary has to go through repeated interviews, highlighting the indecision of the decision-making body.

For global investors, this "pending" selection itself is the biggest uncertainty: if the final candidate leans towards the "dovish" side, US stocks and gold may experience a boost; if a "hawkish" candidate rises to power, the capital outflow pressure on emerging markets is likely to increase further. The only thing that can be confirmed now is that this game with "no frontrunner" will continue to make the market's "heart race" #十二月降息预测 #加密市场回暖 .