The frontrunner for the next Federal Reserve Chair, Haskett, recently made a strong statement. This hawkish policymaker believes he is strong enough to persuade the different voices within the Federal Reserve. In an interview, he confidently stated that with his years of experience in the White House and a deep understanding of various issues, he is fully capable of articulating his stance in a complex political environment.

Speaking of which, one cannot help but mention his long-standing core stance — that the Fed's rate cuts are too slow. This view aligns closely with the current President Trump’s thoughts. Trump has always believed that former Chair Powell was too cautious in interest rate decisions, which has become a focal point of external attention.

But there is a question worth considering: the Fed’s interest rate decisions are controlled by the Federal Open Market Committee, which relies on a majority voting mechanism. Even if the new Chair wants to implement significant rate cuts, consensus within the committee must be reached; it’s not something that one or two individuals can decide. Market observers point out that such checks and balances are necessary.

Additionally, Trump has a viewpoint that has sparked discussion among many investors — he believes that the Fed, under Powell’s leadership, does not make decisions neutrally. Specifically, the FOMC launched a easing cycle before the 2024 elections, but after he took office in 2025, he hit the brakes. This timing coincidence indeed makes it easy for some to draw certain inferences.