Kevin Warsh Nominated as Next Federal Reserve Chair by Trump

On January 31, Jin10 reported that U.S. President Donald Trump announced the nomination of Kevin Warsh as the next Federal Reserve Chair on January 30, UTC+8. According to Jin10, Warsh's appointment could lead to two potential changes in Federal Reserve policies: a shift towards a 'rate cut and balance sheet reduction' strategy and improved communication with the President. However, some fundamental logic and medium-term policy frameworks are expected to remain unchanged. The Trump administration's focus on supporting capital markets and broad liquidity will persist, with monetary policy generally leaning towards a more accommodative stance relative to economic strength. In the medium term, the erosion of the Federal Reserve's independence and the declining intrinsic value of the dollar may continue.