Recently, the financial world has been in an uproar— the White House is busy selecting candidates for the Fed chair, and we should see the result around September 1! This may seem like a game for politicians, but we in the crypto community must keep our eyes wide open: the hawkish or dovish stance of the new 'currency leader' will directly determine whether the crypto market is feasting or just sipping soup!
The four candidates have been revealed: who is most likely to ease monetary policy?
According to CNBC reports, the Trump administration has narrowed the candidates down to four, each with significant backgrounds:
Kevin Warsh (former Fed governor): Rich in policy experience but hawkish on inflation issues; opposed aggressive easing after 2008; Christopher Waller (current governor): Recently expressed support for 'data-driven interest rate cuts'; last September, he supported a 50 basis point cut and is viewed as a potential dove; Scott Baker (Treasury Secretary): Strong market background but lacks experience in monetary policy, independence questioned; Kevin Hassett (Chairman of the Council of Economic Advisers): Solid economics background but closely tied to the government, may struggle for Senate approval.
Key point: The dovish or hawkish inclinations of Waller and Warsh will directly affect the pace of future interest rate cuts!
What impact will it have on the crypto community? Historical cases are a constant warning!
Don't underestimate the change in the Fed's leadership; the market trend in December 2024 is a lesson.
A 25 basis point rate cut: I thought it was a positive sign, but Powell's comment that 'the number of rate cuts in 2025 will be less than expected' caused Bitcoin to plummet from $115,000 to around $113,800, resulting in $700 million in liquidations within 24 hours! Policy shift: After the Fed signaled balance sheet reduction in March 2025, Bitcoin crashed again to $112,000, stabilizing only after the White House called for a 'strategic Bitcoin reserve.'
This change in leadership is more critical: if a dove (like Waller) is chosen, interest rate cut expectations may rise, and Bitcoin could reach new highs; if a hawk (like Waller) takes office, liquidity may tighten, and the crypto market could face another bloodbath!
The last sentence is a big truth.
The change in the Fed chair is never a trivial matter of 'who is in charge,' but rather a directive for the flow of global capital. We in the crypto community shouldn't just be bystanders; we need to pay close attention—before the September interest rate cut, the new chair's hawkish or dovish signals will serve as trading signals!
Five years ago when Powell took office, I suffered losses because I did not pay attention to his 'average inflation targeting' policy, selling when Bitcoin dropped to $30,000, and then it surged to $60,000! Now I've learned to be smarter—when policies shift, operations must adjust!
Hit follow, and I will highlight key points for you before the next Fed leadership change! Let's join the bull market feast! #杰克逊霍尔会议
