#以太坊行情解读 $BTC $ETH $ZBT

The Fed Chairman Drama: The Battle of Independence and Power

The list of four finalists for the Fed Chair under Trump has been announced—Hasset, Waller, Waller, and Reed. Wall Street's reaction is quite interesting: they collectively oppose Hasset, with a straightforward reason: "He’s too obedient to the President, lacking independence."

But looking from the other side, these four candidates surprisingly share the same stance on interest rate cuts. Trump wants to cut rates, and they all nod in agreement. Who dares to oppose? No one. This alone reveals the issue—under presidential pressure, how independent are the so-called "independents"?

Hasset is criticized for "lacking independence," but his resume still has weight: he has clashed with Navarro before and has stood with Powell. But once in the chair, is he still the "tough" type? Waller claims an hawkish stance, yet turns around to support rate cuts in front of the President. Waller appears objective and rational, but can data analysis truly withstand presidential pressure?

The most ironic part is: the only one who proved his ability to say "no" is Powell, who was ousted in this game. He insisted on rate hikes, the market fell, the President was angry, and the price was his removal. Because he was "truly independent," he became an outlier.

So, the essence of this storm is not about who is most suitable, but who dares to defy. The independence of the Federal Reserve is loosening, and this loosening has profound implications for liquidity and policy expectations in the crypto market. Every policy shift moving forward is worth paying attention to.