#数字资产生态回暖 What will happen to your wallet next year might really depend on how the Fed Chair handles things.

To put it simply, Trump just wants a "obedient" person. His thoughts are very straightforward—cut rates, the sooner the better, ideally down to 1% or below. He has even directly demanded that the new Chair must listen to his opinions.

Currently, Powell is not cooperating because he refuses to cut rates quickly. How many times has he been publicly scolded for this? Foolish, too slow, and he has even been threatened with removal. But Powell's term extends until May next year, and Trump can't wait that long; he needs someone to implement his ideas immediately.

So he has his eyes on Kevin Warsh. This move is quite clever. Warsh was previously a hawk on inflation, but in the past two years, his stance has done a 180-degree turn—now supporting rate cuts and even defending tariffs, aligning perfectly with Trump’s preferences. Even more impressive, he has experience working at the Fed, unlike another popular candidate, Haskett, who seems more political. JPMorgan CEO Jamie Dimon has said he would do a good job, which could help stabilize market sentiment. The most ironic part is that Trump interviewed Warsh in 2017, ultimately choosing the now-hated Powell, and now he’s considering bringing Warsh back—what a turnaround.

But this is not just about personnel adjustments. The independence of the Federal Reserve is being torn apart, and the market can sense this unease.