17th Federal Reserve Chairman Kevin Wirth


Trump officially nominates Kevin Wirth to succeed Powell as the 17th Federal Reserve Chairman—
1. Closer personal ties with Trump

2. Father-in-law—Estée Lauder heir Ronald Lauder, who is not only Trump's financial backer but also Trump's longtime college classmate and close friend

3. Friendliness towards crypto—CRYOTO is not mysterious; it's not money but software. Not treating all new things as a flood of disasters

4. Inflation and tariffs—disagree with Powell's policies—"Inflation is created by the Federal Reserve"—inflation is a result of monetary policy, and the central bank has full management capability, not to be blamed on external factors. After years of advocating free trade, shifting to support Trump's tariff policies

5. Interest rates and QE—opposes normalization of QE, supports rate cuts + balance sheet reduction simultaneously. The rate cuts in Area H over the years have laid the foundation, criticizing the Fed for overusing unconventional policies like QE outside of crises
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)