Group 1 - The core viewpoint of the article highlights the concerns regarding the Treasury Secretary's comments on the selection criteria for the next Federal Reserve Chair, suggesting a potential challenge to the Fed's independence [1] - The article discusses the need for the new Fed Chair to redefine the Fed's functions, indicating that its current mission has expanded beyond monetary policy to include broader economic responsibilities [1] - The emphasis on "forward-looking thinking" by the Treasury Secretary raises questions about the balance between relying on historical data and anticipating future economic changes, which could lead to decision-making risks [1] Group 2 - The article reflects the U.S. government's expectations and pressures on the Federal Reserve to adapt its strategies in a rapidly changing global economic landscape [1] - It raises concerns about the potential blurring of the Fed's focus on monetary policy if it takes on too many economic functions, which could expose it to political pressures [1] - The discussion points to the challenge of balancing independence and flexibility for the Federal Reserve in addressing complex economic issues in the future [1]

Group 1 - The core message from Secretary of the Treasury Bessent is that the next Federal Reserve Chair should be someone who can "examine the entire organization" and focus on monetary policy rather than other functions, which he believes jeopardizes the Fed's independence [1][2] - Bessent emphasizes that the new Chair must "gain market confidence" and possess the ability to analyze complex economic data, with a focus on forward-looking thinking rather than relying on historical data [1][3] - There is a clear indication that the next Chair's primary task may involve reassessing and potentially narrowing the Fed's functions, which have expanded into areas like financial stability and climate risk, raising concerns about deviating from core monetary policy responsibilities [2][3] Group 2 - Bessent highlights a significant shift in decision-making methodology for the Fed, advocating for a forward-looking approach rather than a backward-looking one, suggesting that future policy decisions may be based more on economic forecasts than on past data [3] - The definition of a "strong dollar policy" is articulated as one that maintains the dollar's status as a reserve currency, rather than focusing on short-term exchange rate fluctuations, indicating that sound economic policies will naturally strengthen the dollar [4] - Bessent expresses support for the current policy path of the Bank of Japan, suggesting that focusing on inflation outcomes rather than exchange rate results will resolve yen issues, aligning with the U.S. Treasury's previous stance on Japan's monetary policy [4]