Federal Reserve Chair candidate signals a shift towards lowering interest rate expectations; Waller may become a key driver

【BlockBeats】Market reports a major development. Trump is about to interview current Federal Reserve Board member Waller to discuss the Fed Chair position. Previously, Trump met with former Fed Board member Kevin Waugh, and these two are currently his top candidates for the chairmanship.

Waller’s background is worth noting—he is recognized in the economics community as the most suitable candidate to lead the Federal Reserve and is also a hot topic on Wall Street. This year, Waller has become the most steadfast advocate for interest rate cuts within the Fed. At the July rate decision meeting, while other members chose to keep rates unchanged, only Waller voted against, explicitly supporting a rate cut. His reasoning on the necessity of rate cuts is logically rigorous and his stance firm, even partially adopted by the current Chair Powell, becoming an important driving force in forming consensus within the Fed.

If Waller takes over as Fed Chair, it could mean a clearer shift in the Fed’s policy direction. Internal disagreements over policy direction are widening, and Waller is seen as capable of bridging these divides. He will deliver an important speech on economic prospects soon, and the market needs to closely watch his latest statements. The uncertainty surrounding the Fed Chair selection and the pace of rate cuts is reshaping investors’ expectations for liquidity and asset allocation.