Fed Chair Candidates - Treasury Secretary has narrowed down the list of candidates for Fed chair to five from eleven [2] - The final five candidates include sitting Fed officials Michelle Bowman and Chris Waller, Kevin Hasset, former Fed Governor Kevin Worsh, and Black Rock fixed income CIO Rick Reer [2][3] - The nominee could be appointed as early as December or January, potentially filling Andreana Cougler's vacant Fed governor position and later being nominated as Fed Chair, succeeding Jerome Powell whose term expires in May [4] - The Treasury Secretary seeks a Fed chair with experience in economics, monetary policy, banking regulation, and management [5] Selection Process & Criteria - The selection process includes multiple interviews with the Treasury Secretary, senior Treasury officials, and White House officials, concluding after Thanksgiving [3][4] - The Treasury Secretary has been critical of the Fed, advocating for reviews of its policy structure and mission, particularly its size and scope [6] - The administration seems content with Michelle Bowman's current role as vice chair for supervision, especially regarding bank deregulation for community banks [8] - Rick Reer is noted for his extensive market experience and views on the Fed and fixed income markets, setting him apart as the only candidate without prior Federal Reserve experience [9] Market Perspective - The Treasury Secretary is perceived as having a deep understanding of the markets, influencing the selection process [10][11]

The Bank of Thailand will likely keep monetary policy loose through next year, according to a deputy governor https://t.co/nLIkBdGME0 ...

Blockchain Technology & Decentralization - Blockchain 提供全球范围内的理想货币政策、支付、智能合约和实体形成途径 [1] - 该系统由不可腐败且透明的计算机法官执行，并基于纯粹自愿原则加入 [1] Free Market Capitalism - 自由市场资本主义促进人才发展 [2] - 自由市场资本主义使寻找和鼓励人才变得有利可图 [2]

Monetary Policy & Central Bank Control - Arthur Hayes explains Trump's potential plan to control the Federal Reserve (FED) [1] - The plan involves securing 4 out of 7 votes to control the Board of Governors [1] - Control of the Board of Governors allows influence over the Federal Open Market Committee (FOMC) [1] - Packing the FOMC with individuals aligned with a specific monetary policy is a key objective [1] - This control is considered "the most important lever in the system" [1]

Market Uncertainty & Risks - The financial market faces danger due to potential government shutdown and missing economic data, specifically the delay of Non-Farm Payroll (NFP) and Consumer Price Index (CPI) releases [1] - The absence of NFP and CPI data leaves the Federal Reserve (FED) without critical indicators before the October 28–29 Federal Open Market Committee (FOMC) meeting, potentially leading to guesswork in monetary policy [1] - The market needs clarity, but the FED operating blind will cause more confusion and uncertainty [1] - The expiration of September 30's quarterly options could remove a stabilizer that has protected the market from downside shocks [1] - The vanishing options cushion may allow volatility to explode [1] - Reduced liquidity combined with the FED operating blind and structural hedges disappearing could lead to massive market uncertainty [1] - Credit spreads, funding markets, and equity volatility could all reprice violently if shutdown headlines collide with the thin market structure [1]

Market Trends - Gold prices reached a new record high [1] Economic Factors - Looming US government shutdown creates uncertainty regarding the Federal Reserve's monetary policy [1] - Uncertainty impacts the interest-rate decision expected next month [1]

Inflation Concerns - Inflation has remained above the Federal Reserve's 2% target for over four and a half years [1][5] - The speaker expresses concern about persistent inflation, particularly within the services sector, such as insurance, suggesting it may not be solely attributable to tariff impacts [2] - The speaker forecasts inflation to remain above target for the next 1 to 2 years, not reaching the 2% objective until late 2027 or early 2028 [5] Monetary Policy Challenges - The Federal Reserve faces challenges in balancing its dual mandate of maintaining stable prices and maximum employment [3] - The labor market is considered broadly in balance, with the unemployment rate around 4% to 43% [3][4] - The speaker believes a restrictive policy stance is necessary to bring inflation back to the 2% goal [5]

Monetary Policy - Central banks need to upgrade their monetary policy mechanisms [1] - Central banks need to avoid attacks by bond vigilantes [1]

Fed Vice Chair Michelle Bowman said the US central bank should seek to achieve the smallest balance sheet possible and overhaul its regime for implementing monetary policy https://t.co/RheDOWHRH1 ...

Mauritius’s first female central bank governor vowed to rebuild confidence in the institution after it endured months of internal wrangling, and take a “data-driven” approach to monetary policy https://t.co/Rnx15AWzMQ ...