Opinion: Wosh is the best candidate for Federal Reserve Chair, and Trump will no longer pressure the Fed, bringing uncertainty

BlockBeats News, January 31 — GlassRatner Consulting and Capital Group General Manager Seth R Freeman pointed out that one of the top priorities for the newly nominated Federal Reserve Chair, Waller, will be to rebuild global market credibility. This is especially important given the tense relationship between Trump and Powell over the past few months. Waller is the best candidate for Fed Chair; he has long served in government, and the market no longer needs to deal with the uncertainty and market disruptions caused by Trump’s constant pressure on the Fed Chair, which is good news for everyone.

Additionally, after confirming Waller’s nomination, the sharp decline in gold and silver indicates that the market will see a stronger US dollar and a different environment. If precious metal prices do not rebound significantly next week, it should not be surprising. Waller’s hawkish stance and traders heavily invested in precious metals may face losses, especially those with unhedged or short positions. (Jin10)