#美联储重启降息步伐 $BTC $ETH Wall Street has recently been abuzz with an unsettling rumor—a possible appointment of Hassett as the next Fed Chair.
Why is this making institutions nervous? It comes down to one core issue: independence. Last November, the Treasury quietly held a closed-door meeting, inviting major institutions to share their thoughts. The feedback was almost unanimous. The biggest concern is that Hassett is too close to Trump, and might force rate cuts to serve political needs, even if inflation isn’t under control yet.
The bond market is already voting with its feet. Remember the “Truss-style meltdown” in the UK last year? Aggressive policies triggered a massive sell-off of long-term bonds. Now the market fears this script could play out in the US—if the central bank’s credibility takes a hit, long-term Treasury yields could surge, dragging the crypto market down with them.
What’s even more worrying is Hassett’s previous performance at meetings. Some attendees complained that he’s eloquent on politics, but gets vague when talking about the markets; his communication and leadership skills left many uneasy. By comparison, technocrats like Reid and Waller are clearly more favored by Wall Street.
So, the question ultimately becomes: does the Fed need an independent economist, or a compliant policy tool? The answer will not only determine the direction of the US dollar, but will also directly impact the pricing logic of all risk assets. Do you think Hassett will really get the job? Let’s discuss in the comments.
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#美联储重启降息步伐 $BTC $ETH Wall Street has recently been abuzz with an unsettling rumor—a possible appointment of Hassett as the next Fed Chair.
Why is this making institutions nervous? It comes down to one core issue: independence. Last November, the Treasury quietly held a closed-door meeting, inviting major institutions to share their thoughts. The feedback was almost unanimous. The biggest concern is that Hassett is too close to Trump, and might force rate cuts to serve political needs, even if inflation isn’t under control yet.
The bond market is already voting with its feet. Remember the “Truss-style meltdown” in the UK last year? Aggressive policies triggered a massive sell-off of long-term bonds. Now the market fears this script could play out in the US—if the central bank’s credibility takes a hit, long-term Treasury yields could surge, dragging the crypto market down with them.
What’s even more worrying is Hassett’s previous performance at meetings. Some attendees complained that he’s eloquent on politics, but gets vague when talking about the markets; his communication and leadership skills left many uneasy. By comparison, technocrats like Reid and Waller are clearly more favored by Wall Street.
So, the question ultimately becomes: does the Fed need an independent economist, or a compliant policy tool? The answer will not only determine the direction of the US dollar, but will also directly impact the pricing logic of all risk assets. Do you think Hassett will really get the job? Let’s discuss in the comments.