The possible policy rhythm and path of Walsh, as stated in last night's hearing, is that the Federal Reserve must adhere to its functional duties. If it engages in fiscal and social policies that lack legal authority, its independence will face the greatest risk; I hope to carry out a "systemic reform" of the Federal Reserve, which requires a new inflation framework and new communication methods. I believe that Federal Reserve officials speak too much and have too few interest rate meetings four times a year; AI may enhance economic productivity without triggering inflation, creating space for interest rate cuts; The Federal Reserve cannot shirk its responsibility for the expansion of the "K-shaped economy" in the United States, as its large balance sheet has expanded its impact on the economy. I wrote a possible policy rhythm and path for Walsh in early February, and now I see that Walsh's statements are basically within this framework. When we look at the future policy path and pace of Walsh, in addition to paying attention to his proposals, we also need to look at the practical constraints he faces in order to deduce possible paths and rhythms. The core logic is: What can be done is much more important than what one wants to do, and the pace of policies has a greater impact on the market than policy proposals Here is https://(x.com)/qinbafrank/status/2018129305956729032? S=46&t=k6rimWSEbo2D2TXolYcM-A has provided a detailed overview of the policy pace and path since taking office under Walsh. For everyone's reference. Take a look at the screenshot below This article is sponsored by @ bitget_zh, titled 'Bitget Buying US Stocks: Instant Entry, Smooth Trading'