The drag of 'son-in-law literature' on the world, Kevin Walsh has not yet taken office, and the global market says: I'll die first to show you! Estee Lauder's son-in-law is at the helm of the Federal Reserve. When the interests of a wealthy family meet monetary policy - who the final say? Kevin Walsh has not yet taken office as the chairman of the Federal Reserve, and the global market has already collapsed ahead of schedule. What makes the market more uneasy is not the sharp drop, but the "Est é e Lauder son-in-law" Walsh himself. From an eagle king to a dove, he advocates a "dual track policy": cutting interest rates to stimulate the economy while tightening liquidity. Standard Chartered describes it as "stepping on both the accelerator and the brake at the same time", and he has also cancelled forward guidance, plunging the market into an information black hole. When the White House demands a rate cut, Wall Street demands a balance sheet cut, and his wealthy family needs to stabilize the exchange rate, who would Walsh choose? Can he really independently formulate monetary policy? The old Wall Street saying goes, "When the Fed chairman starts compromising, the market starts to collapse We will wait and see the outcome of this bold gamble.