$ETH Pay attention to this signal — a key turning point in the global financial landscape is about to be confirmed in 2026.

Trump is finalizing his choice for the new Federal Reserve Chair, and his core condition is very clear: it must be a dovish stance, firmly supporting significant rate cuts. This is not just a personnel adjustment but a strategic move that will directly determine the global liquidity trend for the coming years.

**Four candidates, each with their own highlights**

The final shortlist has been locked in, and each candidate is undergoing the ultimate test of their "rate cut determination":

Kevin Hasset (former White House economic advisor): Recently called the latest CPI data an "explosive positive," with an exceptionally firm stance on rate cuts.

Kevin Waugh (former Federal Reserve Board member): A representative of the traditional dovish camp, with policy proposals highly aligned with Trump’s demands.

Christopher Waller (current Federal Reserve Board member): Has already met with Trump and was praised as "performing very well," leaning towards a gradual approach to rate cuts.

Rick Rieder (BlackRock executive): A representative of Wall Street capital, expected to participate in the final interview round.

Trump’s goal is straightforward: to "significantly lower" the current interest rate level of 3.5%-3.75% to ease the debt burden on ordinary people. Simply put, the candidate who demonstrates the strongest inclination towards easing policies in the interview will have the greatest chance of becoming the Federal Reserve Chair.

**What does this mean for the crypto market?**

The impact of this goes far beyond personnel changes. The new Federal Reserve Chair will directly shape the macro narrative for the coming years — a leader personally chosen by Trump, committed to loose monetary policy, could push global liquidity into a new expansion cycle. For asset prices, especially highly sensitive liquidity crypto assets, this will be a "king bomb" level variable.