Core Insights - The selection process for the next Chair of the Federal Reserve has concluded, with U.S. Treasury Secretary Becerra overseeing the final interviews of 11 candidates, narrowing it down to four main contenders for President Trump's decision [1][3]. Group 1: Candidate Evaluation - The interview process lasted approximately two hours, focusing on candidates' views on interest rate policies and strategies for exiting special monetary policies during financial crises [3]. - The leading candidates include former Fed Governor Kevin Warsh, current Governor Waller, White House economic advisor Kevin Hassett, and BlackRock's Chief Investment Officer for Global Fixed Income, Rick Rieder, with Rieder's performance standing out among external candidates [3]. - Warsh and Waller have publicly supported the reduction of the Fed's balance sheet, aligning with Secretary Becerra's reform direction, while Hassett's policy views are consistent with the administration [3]. Group 2: Implications of Leadership Change - The leadership transition at the Fed is occurring at a critical time, with market participants closely monitoring potential policy changes that may arise from the new Chair, particularly regarding discussions on central bank independence [3][4]. - Current Chair Jerome Powell's term will last until May 2026, marking an eight-year tenure, and this personnel change is expected to have significant implications for U.S. monetary policy and global financial markets [4].

本文来自：华尔街见闻，作者：董静，原文标题：《谁是下一任美联储主席？贝森特已面完11名候选 人，4个人最有希望》，题图来自：视觉中国 历时数周的下一任美联储主席候选人面试已经结束，特朗普即将从沃什、沃勒、哈塞特和Rick Rieder四 大热门人选中做出最终决定。 二、四大热门人选各有优势 在特朗普公开表态支持的候选人中，前美联储理事凯文·沃什呼应了贝森特对央行改革的观点。沃什在4 月份向30人集团发表演讲时，支持缩减美联储资产规模的主张。 现任理事沃勒最近也阐述了如何缩减美联储资产持有规模的计划。这些资产在金融危机和新冠疫情期间 因央行购买国债和其他证券而大幅膨胀。 10月9日，据英国金融时报消息，美国财长贝森特完成了对美联储主席候选人的最后一轮面试，为期数 周的筛选程序于周二结束，共有11名候选人接受了这一全球最重要金融机构掌门人职位的考察。 知情人士透露，贝森特在面试中重点询问了候选人对利率政策的立场，以及如何处理危机时期量化宽松 政策的退出问题。候选人们接受了长达两小时的严格质询，面试官包括贝森特、财政部官员Hunter McMaster和顾问Francis Browne。 报道指出，特朗普将在最终面 ...

Core Viewpoint - The selection process for the next Federal Reserve Chair has concluded, with President Trump set to choose from four leading candidates amid concerns over the Fed's independence and potential interest rate cuts [1][3]. Group 1: Candidate Selection Process - U.S. Treasury Secretary Mnuchin completed the final round of interviews for the Federal Reserve Chair candidates, which included 11 individuals [1]. - The candidates were rigorously questioned for two hours on their views regarding interest rate policies and the exit strategy from quantitative easing [1]. - The final candidates include Kevin Warsh, current Fed Governor Christopher Waller, White House economic advisor Kevin Hassett, and external candidate Rick Rieder, who performed notably well in interviews [1][2]. Group 2: Focus on Federal Reserve Reforms - Mnuchin emphasized the need for candidates to address structural reforms within the Federal Reserve, particularly regarding its balance sheet and the perceived overreach of its powers [2]. - Candidates were asked about their opinions on Mnuchin's recent article advocating for comprehensive reforms and criticizing quantitative easing as an experimental monetary policy [1][2]. Group 3: Market Reactions and Concerns - The ongoing turmoil at the Federal Reserve has raised concerns about its independence, especially following Trump's appointment of allies and attempts to dismiss certain board members [3][4]. - Market volatility has increased due to the administration's repeated attacks on the Fed's traditional independence in setting interest rates, leading to speculation that the next chair may pursue more aggressive rate cuts [3].