Federal Reserve Chairman Walsh's newly appointed advisors are all seasoned central bank veterans of nearly 30 years, marking the first round of personnel arrangements since taking office According to BlockBeats, on June 26th, it was previously reported that Federal Reserve Chairman Kevin Walsh has selected two senior central bank economists as advisors, namely Daniel Kvitz, one of the three deputy heads of the research and statistics department, and Eric Ernst, senior deputy head of the monetary affairs department. Both of them are veterans who have worked at the Federal Reserve for nearly 30 years and are well versed in its operational mechanisms. Last week, Walsh also announced the establishment of five special working groups to re-examine the central bank's communication methods, data analysis, and asset portfolio management. He stated that these working groups will be composed of external experts and supported by thematic experts within the Federal Reserve. During his tenure as a member of the Federal Reserve Board from 2006 to 2011, Kovitz provided materials for several speeches, covering research areas such as financial stability and credit markets. Ernst ö m specializes in monetary policy and financial market analysis. Last year, he established a model to evaluate the probability of different economic scenarios and estimated that by mid-2025, a "soft landing" would give way to the increased risk of high inflation and weak growth coexisting. In February this year, the two people jointly studied and explained why the long-term treasury bond bond interest rate rose during the central bank's interest rate cut, and attributed this to investors' demand for higher compensation for adverse supply shock risk and federal deficit inflation, and did not find that the market lost confidence in the Fed's ability to maintain inflation close to the 2% target. [Original link]