下一任美联储主席是谁？这或许不是最重要的问题了

Core Viewpoint - The article discusses the ongoing selection process for the next Federal Reserve Chair, emphasizing the focus on reforming the central bank's operations and reducing its intervention in the economy, particularly under the guidance of Treasury Secretary Basant [2][3]. Group 1: Federal Reserve Reform - Treasury Secretary Basant aims to create a more streamlined and efficient Federal Reserve, moving away from extensive government bond purchases and environmental regulations [2]. - Candidates for the Fed Chair position are aligning with Basant's vision of a smaller, less interventionist central bank, shifting the focus from low interest rates to operational reforms [3]. - The upcoming candidate shortlist will be submitted to Trump between Thanksgiving and Christmas, with the last interest rate meeting of the year scheduled for December 10 [3]. Group 2: Candidate Perspectives - Candidates like Waller and Bowman advocate for interest rate cuts, aligning with Trump's economic agenda, while also agreeing on reducing the Fed's footprint in financial markets [3][4]. - Some candidates express concerns that quantitative easing (QE) should only be used in crises and not as a regular policy tool, indicating a desire for less frequent communication from Fed officials [4]. - Waller's approach includes reducing the resources of regional Fed banks and centralizing operations in Washington, while also cutting approximately 350 Fed positions [4]. Group 3: Market Reactions and Expectations - Trump's endorsement of Basant highlights the need for a candidate who can reassure the markets, contrasting with his own sometimes disruptive influence [2]. - The article notes that the market's acceptance of discussions around Fed reforms has increased, which may help alleviate investor concerns about potential aggressive actions from the White House [2]. - Candidates like Rieder express optimism about economic growth driven by AI, despite advocating for significant interest rate cuts [5].