With Christmas approaching, the race for the Fed chair has entered the final stretch. Current chair Powell's term runs until May 2026, and the nomination for the new chair may be revealed before the holiday season, drawing global attention.

The candidate landscape has shifted from "a single dominant figure" to "three strong contenders competing for supremacy." Hassert's loyalty has come under scrutiny, causing his nomination probability to decline; Walsh has gained endorsements from key figures on Wall Street and is gaining momentum; Waller has emerged as a "dark horse" with a solid track record and exceptionally high market recognition.

This personnel decision is a game between Wall Street and Washington. Trump values loyalty, alignment of ideas, and execution capability, with the core goal being interest rate cuts. However, regardless of who is elected, defending the independence of the Fed is the primary challenge, as Trump hopes to intervene in interest rate setting, raising concerns in the market.

The market is digesting the uncertainty of the candidates, and the new chairman's policy inclination affects the interest rate trajectory. This "change of leadership" is significant, concerning the independence of the US central bank and the direction of monetary policy. In this changing landscape, the crypto market may hide opportunities. Musen gives everyone a four-word trading suggestion: Buy on dips! Come to the community to discuss and seize the new opportunities.