"Is the Chair of the Federal Reserve Engaging in a 'Godly Duel'? Candidates Completely Invisible, White House in a Panic!"
The competition for the position of Chair of the Federal Reserve is never just about 'choosing a banker'—it is the 'north star' of U.S. economic policy direction and also the 'barometer' of global financial markets.
Now, this selection process without a 'front-runner' hides multiple signals: on one hand, the current Chair Powell's term trajectory and the Federal Reserve's future interest rate hike/cut path are deeply tied to this candidate; on the other hand, the White House has yet to receive the final list, which indirectly reflects the current dilemma of the U.S. economy's 'high inflation + weak recovery'—choosing a 'hawkish' candidate risks crushing the economy, while choosing a 'dovish' one risks a rebound in inflation; even the Secretary of Treasury has to undergo repeated interviews, highlighting the decision-makers' entanglement.
For global investors, this 'undecided' selection itself represents the greatest uncertainty: if the final candidate leans towards 'dovish', U.S. stocks and gold may see a boost; if a 'hawkish' candidate ascends, the capital outflow pressure in emerging markets may further intensify. The only certainty now is that this 'no front-runner' competition will keep the market's 'heart racing'.
