Fed Chair Race Heats Up, with 'Wall Street Waterfall' Emerging as Central Theme
BlockBeats News, November 14th: The main contender for the chairmanship of the Federal Reserve under US President Trump is converging around a policy that seems contradictory to Trump's style. While Trump desires low interest rates, the Federal Reserve chair candidates he favors advocate limiting the central bank's core tool for achieving low rates—quantitative easing. This political paradox is becoming a sharp contradiction in the race for the next Federal Reserve chair.
Trump continues to loudly criticize current Federal Reserve Chair Powell, with his true intent being able to appoint a new central bank head next year who aligns more with his own ideology. However, in this succession race, much of the discussion is focused on an issue that seems to contradict Trump's advocacy: limiting the size of the Federal Reserve's financial asset holdings.
The current key issue is how the situation will evolve in the coming months as Chairman Powell's term expires in May next year. Voices advocating a more cautious approach to quantitative easing are gaining greater influence, indicating that the Fed's approach to future economic downturns may undergo a profound shift.
But regardless of the eventual candidate, there is reason to believe that a Federal Reserve official appointed by Trump will still be forced to use all policy tools during an economic slowdown—especially in the current environment where the American people are deeply concerned about the cost of living. (Jin10)
You may also like

Morning News | Invesco acquires a $900 million on-chain fund from Superstate; ParaFi has raised $125 million for its new fund; Solana Foundation launches developer platform SDP

What is the background of this new fund that the two major prediction market platforms have rarely joined forces to create?

SIREN, another leveraged scam

Token has become extremely popular, and the blockchain is very sad

Tether's major shareholder invests £12 million to support the "British version of Trump" in the cryptocurrency sector

Huang Renxun's Latest Podcast: Will NVIDIA Reach $1 Trillion? Will the Number of Programmers Increase Instead of Decrease? How to Deal with AI Anxiety?

Besides Resolv Hack, This DeFi Vulnerability Type Has Occurred Four Times

Trump Cries Peace, $1.5 Billion Dash | Rewire News Evening Brief

From x402 to MPP: Cloudflare's crucial vote, will it go to Coinbase or Stripe?

BlackRock CEO issues annual open letter: The wave of tokenization has arrived, and we will lead this trend

When Backpack backstabs the community

When gold is no longer a safe haven, and Bitcoin continues to panic

Trump, the World's Largest Oil Trader

If the US and Iran have not reached an agreement in 5 days, what other cards does Trump have?

Tether Whale Dumps £12 Million, Backing Crypto’s ‘British Trump’

Ethereum Foundation Post: Rethinking the Division of Work Between L1 and L2 to Build the Ultimate Ethereum Ecosystem

Two Major Prediction Market Platforms Unite Rarely, What Is the Story Behind This New Fund?

