qinbafrank
qinbafrank|12月 22, 2025 09:17
The debate over the Federal Reserve chairman is spreading to Washington and Wall Street. This is a recent article by Nick from The Wall Street Journal, and the viewpoint of the so-called "New Federal Reserve News Agency" is still worth taking a look. The core point is that Wall Street people and Trump's allies are quietly lobbying to promote the candidate they support to become the next chairman of the Federal Reserve. The current competition focuses on two Kevin (Kevin Hassett and Kevin Walsh). Trump previously privately said that he is not completely satisfied with Walsh. An interview with Walsh left Trump a deep impression. According to sources familiar with the matter, some insiders on Wall Street have been cheering for Walsh with the aim of getting Hassett out because of his close relationship with Trump. But Walsh's weakness is that he is so eager for this job that his promise to cut interest rates may not be sincere. If the situation is unfavorable, Walsh is unlikely to proactively cut interest rates like Hassett. Nick cited a survey in the article, in which 81% of executives expressed their desire for Waller to serve as the chairman of the Federal Reserve, while Kevin and Kevin split the remaining votes. Waller's inclusion in the candidate list is remarkable because although he has nothing to do with Trump, he provides what other candidates lack: a set of logically rigorous interest rate reduction arguments, and achievements in silently promoting institutional change - and Trump, Besant and Walsh have all said that these changes should be priorities. Overall, it actually means: Hassett: Most obedient, but least trusted by the market (White House push) ·Walsh: The market recognizes it more, but the ambition is too obvious (pushed by Wall Street) ·Waller: Most independent, but least familiar with Trump The next Federal Reserve chairman needs to balance independence and coordination with Trump's policies. The balance between independence and loyalty is actually Personally, Hassett still has a great chance to win. Trump can't bear the risk of choosing a chairman who seems to be more and more eccentric at last. Although Walsh and Waller are now highly regarded on Wall Street and among entrepreneurs, and there is a lot of public discussion, these may be the White House's deception, allowing the market to fully digest various potential negative factors. Finally, Trump chooses the next chairman according to the degree of cooperation with himself.
+6
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads