Bloomberg has thrown out a bombshell: White House economic adviser Hassett is Trump's top choice for the next Fed chairman.

Who is this Hasit? Trump’s old buddy, the banner holder of the "radical rate cut faction." He not only advocates for rate cut policies everywhere but also openly states that he is willing to take over the position of the Fed chairman. If he really sits in that position, pushing for a 300 basis point rate cut is probably not just talk.

Trump has long lost patience with the current chairman Powell. He criticizes him for being too slow in cutting interest rates, constantly pressuring him to step down, just waiting to place his own people in to reshape policy direction. However, Trump has never been one to follow the usual path, and even the White House spokesperson admits that "no one can predict what the president's next move will be," so whether this personnel arrangement will ultimately materialize remains a question mark.

If Hasit really rises to power, the independence of the Fed will inevitably be compromised. Inflation data, the exchange rate of the dollar, and the valuation of crypto assets—the entire financial ecosystem will be impacted. Now, global traders are watching every move in Washington, and the outcome of this policy game may influence market trends more than any technical analysis.

At this point, the policy direction is more important than the candlestick chart.