Odds of 30% turning around! Waller wins Fed nomination, the truth behind the plunge in precious metals explained 关注马斯克概念小奶狗p up pie s
From a cold upset with only 30% odds to ultimately winning the Fed Chair nomination, Waller pulled off a stunning reversal! The moment the news was officially announced, the dollar surged strongly, and precious metals plummeted in response, shaking global markets. What allowed this 55-year-old "dark horse" to surpass popular candidates like Haskett and Waller to become Trump's final choice? Three core backgrounds reveal the underlying logic behind the market turbulence.
Firstly, top-notch connections: Waller's father-in-law is Ronald Lauder, heir to Estée Lauder, who has known Trump for 60 years and is a core donor of the Republican Party; this relationship has become his strongest political asset. Secondly, an impressive resume: Stanford bachelor’s and Harvard law doctorate, he became the youngest governor in Fed history at 35, with cross-sector experience in politics, business, and academia; he was favored by Trump as early as 2017. Thirdly, precise policy balance: he champions a practical monetary policy of "balance sheet reduction + interest rate cuts," responding to Trump’s call for rate cuts to alleviate the pressure of national debt interest while controlling inflation through balance sheet reduction, maintaining the Fed's independence and avoiding the market controversies surrounding Haskett's aggressive easing, perfectly aligning with both the White House and Wall Street.
In contrast, Powell has faced repeated criticism from Trump for being cautious about rate cuts and even faced investigations, which has intensified policy divergences. With Waller's nomination solidified, the market quickly priced in his policy path, strengthening the dollar and putting pressure on precious metals.
If Waller takes office smoothly, will balance sheet reduction + interest rate cuts proceed as expected? Are precious metals experiencing a short-term correction or a trend weakening? Feel free to share your thoughts in the comments!
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#Non-farm payroll data under expectations