Trump officially nominates Kevin Warsh to replace Powell as the 17th Chairman of the Federal Reserve— 1. Closer personal ties with Trump 2. Father-in-law: Ronald Lauder, heir to Estée Lauder, not only a major Trump donor but also Trump’s longtime college classmate and close friend 3. Crypto-friendliness: CRYPTO isn’t mysterious—it’s not money, it’s software. Doesn’t treat every new thing as a threat 4. Inflation and tariffs: Disagrees with Powell’s policies—‘Inflation is a problem created by the Fed’ Inflation is the result of monetary policy, and the central bank has full control over it; external factors shouldn’t be blamed After years of advocating free trade, he shifted to supporting Trump’s tariff policies 5. Interest rates and QE: Opposes normalized QE, supports rate cuts + balance sheet reduction simultaneously Believes rate cuts lay the foundation, and criticizes the Fed for overusing unconventional policies like QE during non-crisis periods Follow major financial events with @MSX_CN. Check out Maidian: https://(msx.com)/news