Is the Fed getting a new chair?

The market is fixated on one name—Kevin Hassett. This current Director of the White House National Economic Council may succeed Powell as the next head of the Federal Reserve.

Why him? To put it simply: stance.

Hassett is extremely dovish, openly supports rate cuts, advocates for "economic growth first," and is fully in favor of an accommodative monetary policy. This approach aligns seamlessly with the current White House’s needs for economic stimulus—after all, who doesn’t want to see rates go down right now?

Expectations of personnel changes are already brewing. Just look at the market’s reaction in recent days: crypto is up, US stocks are up, gold and silver are also rising. Capital is the most sensitive—once it catches a whiff of "easing + liquidity," all kinds of assets start to move.

The fire of rate cut expectations has already been lit.