市场质疑哈塞特能否在美联储实现目标

Core Viewpoint - The potential appointment of Kevin Hassett as the next Federal Reserve Chairman may not lead to the rapid interest rate cuts expected by President Trump, as the decision ultimately requires consensus within the committee [1][4]. Group 1: Concerns about Hassett's Influence - Gregory Peters, Co-Chief Investment Officer at PGIM Fixed Income, expressed doubts about Hassett's credibility within the committee to drive consensus for significant monetary policy changes [1][3]. - There are growing concerns among bond investors regarding Hassett's possible appointment, with some expressing their worries to the U.S. Treasury [4]. Group 2: Market Reactions and Implications - Traders and macro fund managers are closely assessing the implications of Trump's potential restructuring of the Federal Reserve, as even minor policy changes could trigger global market volatility [2][4]. - Following Hassett's emergence as a leading candidate, some traders have begun to bet on an accelerated pace of interest rate cuts, indicating a shift in market sentiment [2][4]. Group 3: Current Market Conditions - As of Thursday's Asian trading session, U.S. Treasury yields remained relatively stable, with the 10-year yield at 4.08% and the 2-year yield slightly increasing to 3.50% [5]. - Peters noted that concerns about the Federal Reserve's independence and credibility are reflected in risk premiums and term premiums across sovereign bond markets, indicating a fragile long-term bond market [3][5].