Regarding the change of the Federal Reserve Chair, Washington is staging a fierce power struggle. The Trump administration has identified four final candidates, each representing different monetary policy directions.

Kevin Hasset, who previously served as an economic advisor in the White House, recently expressed optimism about CPI data, describing its performance as "quite impressive." Another candidate, Kevin Wash, is a former Federal Reserve Board member who has long leaned towards a dovish stance on monetary policy. Current Federal Reserve Board member Christopher Waller has received clear support from Trump for advocating a gradual approach to interest rate cuts. BlackRock executive Rick Rieder is also under consideration, with a formal interview expected before the end of .

Of particular interest is Trump's explicit demand for the new chair—firm support for significant rate cuts. Currently, US mortgage rates remain in the 3.5%-3.75% range, and Trump hopes to further lower this level through policy adjustments by the new chair. This policy inclination will directly impact global capital flows and financial market expectations, and its transmission to cryptocurrency price volatility should not be underestimated.