Just now! The global financial heart has been implanted with a "political chip," and the independence of the Federal Reserve faces an epic collapse. Is your $BTC still safe?

Script Perspective. In the most secretive chamber on Wall Street, a deal concerning money and power has just been struck. A central bank governor who once sang the praises of “independence” has shifted his stance and finally obtained the key to the global financial throne. This is not just personnel change; it is a targeted explosion at the foundation of the modern central bank.

On Friday local time, former President Trump announced that he would nominate Kevin Waugh as the next Federal Reserve Chair to succeed Powell, whose term is about to expire. This former Fed governor, who narrowly missed the chairmanship in 2017, received the world’s most influential financial appointment at age 55 after publicly shifting to support rate cuts and echoing Trump’s policy views.

Trump expressed high expectations for Waugh on social media, calling him one of the greatest Fed chairs and believing he would not disappoint the public. The key point is that Waugh’s shift from hawkish to dovish stance is seen as the decisive factor in his nomination. He was known for his tough stance on inflation, but last year he supported significantly lowering interest rates and proposed more aggressive reduction of the Fed’s balance sheet to create room for rate cuts.

This change is viewed by market observers as a “touchstone” for the next chair, sparking deep concerns about potential damage to central bank independence. Trump himself has explicitly stated that anyone who disagrees with him will not become Fed Chair. Ironically, Waugh in 2010 delivered a speech titled “Ode to Independence,” emphasizing that any improper influence on the Fed would be strongly countered.

Waugh’s career trajectory exemplifies the elite path. After graduating from Stanford University, he was appointed to the Fed Board of Governors in 2006 at just 35, becoming one of the youngest in history. During the 2008 financial crisis, his market experience and connections played a crucial role. After leaving the Fed, he was active in academia and business, marrying into the Estee Lauder family, whose heir is a significant Republican donor.

If confirmed by the Senate, Waugh will lead the Fed at a time of significant divergence over monetary policy. Currently, interest rates are maintained between 3.5% and 3.75%, well above Trump’s expectations. However, rate decisions are made collectively by the Federal Open Market Committee, meaning the new chair’s personal stance does not guarantee immediate policy shifts.

He will face a series of complex challenges: assessing the impact of trade policy reshaping the global landscape, judging how AI changes productivity, and responding to the potential disruption of financial regulation by the rise of digital assets. Waugh has recently cited former Chair Greenspan’s precedent of delaying rate hikes during periods of moderate inflation and plans to prioritize reform of the Fed’s massive balance sheet as a core agenda.

In the cryptocurrency field, Waugh has called for increased regulation of private crypto assets in recent years, a stance that faces resistance within the Republican Party. His appointment could signal a new, more unpredictable phase of tension between traditional financial regulation and crypto innovation.

The nomination still requires Senate confirmation, a process that could become complicated due to a Department of Justice investigation into the Fed. Additionally, Waugh’s past sharp criticism of Fed leadership may pose trust challenges among future colleagues. Former colleagues note he needs to work hard to overcome internal perceptions of him “attacking the Fed” and “quickly betraying” it.

Ultimately, Waugh must find a difficult balance between satisfying a president who expects the central bank to follow orders and leading an institution he once harshly criticized. This personnel change is far from a simple job handover; it is a severe test of whether the US central bank can maintain its century-old reputation under political pressure.

#Walrus $WAL #Sui #DePIN @Walrus

Follow me: for more real-time analysis and insights into the crypto market!

#GateSquare Creator New Year Incentives

#Precious Metals Market Decline

#GateLive Live Mining Beta Launch

#Crypto Market Correction