Is the new head of the Federal Reserve going to be 'contracted' by Wall Street? 🤯

I really saw this news late... The interviews for the next Federal Reserve chair have already started, and there are still three candidates? And they all come from Wall Street! Isn't this a bit too straightforward? Powell is still in office and they've already chosen someone??

The Federal Reserve is not just any ordinary department; it holds the economic remote control of the United States (and even the world) 📱 Whether interest rates rise or fall, how much money is printed can make the stock market, exchange rates, and our wallets shake. In the past, selecting the Federal Reserve chair at least emphasized some balance, but this time, there are three big shots from Wall Street, which I really did not expect.

These people from Wall Street are seasoned players in capital 💼 They effortlessly grasp the tricks of the financial market and know how to make money grow, but the question is, are their comfort zones the KPIs of Wall Street? Or are they the wages of ordinary people?

For example: If the Federal Reserve values the short-term profits of Wall Street more, it might tend to maintain low interest rates to keep the stock market booming, but this could drive up prices, making us spend more on groceries and meals; however, if they focus solely on suppressing inflation with interest rate hikes, it may make financing more difficult for small and medium-sized enterprises, and ordinary people may find it even harder to find jobs 🥹 At such times, where the decision-makers sit is crucial.

Trump selected Wall Street people, perhaps thinking they 'understand the business' and can invigorate the economy, but I'm always a bit worried: will the Federal Reserve's most valuable 'independence' be diluted? After all, Wall Street and financial market interests are too tightly bound; when it comes to the crossroads of 'protecting capital' or 'protecting livelihoods', can they really be treated equally?

To be honest, the global economy now feels like walking a tightrope 🪀 A small move in the Federal Reserve's policy can trigger a chain reaction that circles the globe three times. I hope these three candidates remember: the title 'Federal Reserve Chair' does not have 'Wall Street Division' written on it... Is this really a 'stimulant' or a 'hidden danger'??