$BTC Trump stated that he is likely to first appoint an interim Federal Reserve governor, and then appoint a formal candidate.

This statement has multiple meanings:

First, the announcement of the next Federal Reserve chairman may be delayed, as Trump mentioned an 'interim governor,' meaning they would serve until 'January 2026,' which is when the term of former Federal Reserve governor Quarles ends (as this position is being vacated by Quarles). $ETH

Second, Trump's words cannot be taken 'at face value.' If this 'interim governor' performs well, they may be 'confirmed' and nominated as the next Federal Reserve chairman. If this person does not perform well, their term will end, giving Trump another option. From now until January next year, this 'interim governor' needs to push the Federal Reserve to lower interest rates. Trump is not just filling a position but is quietly placing a 'potential trump card' on the board.

Third, there is an advantage to Trump's approach, allowing the market a slow acceptance process, similar to how the market has become numb to discussions about 'tariffs.' Trump understands how to utilize 'personnel rumors' to test market reactions, much like testing temperature.

Fourth, in the past, the market had two popular candidates for the next Federal Reserve chairman, both 'Kevins.'

* Kevin Hassett: Long-term economic advisor, loyal and reliable—most likely to gain Senate approval—but if Hassett is nominated, the market may easily misinterpret it as the 'next Federal Reserve chairman,' likely causing Trump to lose his options.

* Kevin Warsh: Once one of his top choices, his stance shifted from hawkish to dovish, recently strongly supporting interest rate cuts—after last night, the market's probability of Warsh becoming the next Federal Reserve chairman plummeted because he is currently not in the government structure, and the confirmation process could take a long time.

Another potential popular candidate is Federal Reserve governor Waller, but he is currently a 'governor' and does not need Trump to nominate him again.

Using the process of elimination, the final 'interim governor' that Trump nominates may be an unfamiliar name.

It is not about immediately deciding on the Federal Reserve chairman candidate, but rather testing public opinion and continuously guiding and manipulating market expectations. The market is too smart, and Trump is too cunning. Therefore, 'nominating an unfamiliar but obedient interim candidate' has become the optimal solution. #币安Alpha上新 #加密市场回调