Analysis: Warsh will not be influenced by the White House and will maintain a certain balance between the Fed's dual mandate.

Peter Cardillo, chief market strategist at Sparta Capital Securities, said, "I don't want to say that Warsh's nomination as the new Fed chairman was a complete surprise. He's always been considered hawkish, but recently he seems to be converging with Trump's position, making it a bit difficult to assess how the market will accept this nomination. We just need to see if he'll be influenced by the White House. My guess is that he won't; he'll examine issues very carefully and maintain a certain balance on inflation and the labor market. He may not be as decisive as Powell, but not by much." (Jinshi)