Trump's一句"我心中已有决定" instantly ignited the nerves of the global financial markets. This key figure who will influence the Federal Reserve is about to decide the direction of U.S. monetary policy, thereby affecting global capital flows.

According to reports, Trump revealed in an interview with the media that he has already confirmed the next Federal Reserve Chair candidate, but has remained tight-lipped publicly. The current Chair Powell's term will expire in May 2026, and he has long been a "target of Trump’s criticism." Once the new Chair takes office, they will inevitably walk a tightrope between policy independence and political pressure.

**Why now?**

Half a year ago, the White House said that nominating a new Chair was not "urgent," but now they are rushing to announce that a candidate has been chosen—there is a thought-provoking logic behind this.

First, Trump's resentment towards Powell has reached its peak. He has publicly criticized the Fed multiple times for refusing to cut interest rates, even suggesting that they should cut by 3 percentage points all at once. This is not a sudden whim but a long-standing policy disagreement fermenting.

Second, this move is clearly part of political maneuvering. Wall Street understands well what intervening in the Fed’s independence means—global capital flows could be completely rewritten. Preemptively revealing the candidate is essentially setting the tone for subsequent monetary policy.

**Who is the next Chair?**

There are three hot contenders competing fiercely in the prediction market: Kevin Warsh, Kevin Hasset, and Christopher Waller. Each has its own characteristics—background, stance, and closeness to Trump. Who ultimately wins will directly influence the interest rate policy direction for the U.S. and even the world in the coming years.