[Undercurrents in the Fed Chair Race: 'Draining Wall Street' Becomes a Core Issue] BlockBeats News, November 14 – The main contenders for the position of Federal Reserve Chair under U.S. President Trump are converging on a policy that seems at odds with Trump's usual style. While Trump desires low interest rates, the Fed Chair candidates he favors advocate for limiting the central bank's key tool for achieving low rates—quantitative easing. This political paradox has become a sharp point of contention in the race for the next Fed Chair. Trump has been vocal in his criticism of current Fed Chair Jerome Powell, with the real intention of appointing a new central bank leader next year who aligns more closely with his own views. However, much of the discussion in this succession race has centered on an issue that appears to contradict Trump's stance: limiting the Federal Reserve's holdings of financial assets. The core issue now is how the situation will evolve in the coming months, as Powell's term is set to expire in May next year. Voices advocating a more cautious approach to quantitative easing are gaining greater influence, signaling a potential profound shift in how the Fed might respond to future economic downturns. Regardless of who is ultimately chosen, there is reason to believe that the Fed officials appointed by Trump will still be compelled to use all policy tools in the event of an economic slowdown—especially at a time when Americans are deeply concerned about the cost of living. (Jin10)