Fed Chair Candidate: I have the ability to drive a consensus on rate cuts

【Crypto World】The popular candidate for the next Federal Reserve Chair, Hasset, recently responded to external doubts, stating that he has the ability to promote policy tilt within the Federal Reserve. His five years of experience in the White House and clashes with various parties have made him confident—he can persuade colleagues in a committee full of disagreements and help people understand the reasonableness of his views.

It is worth noting that Hasset has long believed that the previous Fed Chair’s rate cuts were too conservative. This stance is highly consistent with the current president’s attitude. However, the ultimate decision-making power over interest rates at the Federal Reserve lies with the majority vote of the Federal Open Market Committee. Even if a new chair takes office, it may not be possible to reach quick consensus on major decisions like significant rate cuts.

Hasset also reiterated a core accusation from management: under the leadership of the previous Chair, Fed policies have been cyclical—cutting rates before the 2024 election, only to immediately brake after the new government takes office. He believes these decisions sometimes appear to be “politically colored.” This view has sparked widespread discussion in the market because the interest rate environment directly affects liquidity expectations for risk assets, including the performance of cryptocurrencies.