美国总统特朗普提名沃什为美联储主席新人选之后，贵金属价格应声下跌，为什么沃什会有这么大的威力？ 1月30日，特朗普正式宣布，提名沃什为新任美联储主席人选，将接替5月任期届满的鲍威尔。 现年55岁的沃什生于1970年，值得注意的是他的家世背景中，岳父是雅诗兰黛的继承人罗纳德·劳德，而劳德和特朗普是60年的老交情 了，也是共和党的主要金主之一，曾推动特朗普"购买格陵兰岛计划"。这一家族背景被认为是沃什能够获得提名的关键政治筹码。 沃什本人的硬件和履历也十分过硬。他拥有斯坦福大学学士和哈佛大学法学博士学位，职业生涯横跨政商学界。2002年，年仅31岁的他 就担任了小布什政府的经济政策特别助理，2006年成为美联储理事时年仅35岁，是美联储史上最年轻的理事。2011年，因为反对QE2政 策辞职。 目前，沃什是斯坦福大学教授，同时也是对冲基金合伙人。 此前，曾经出现过多个潜在人选。最早被认为是鲍威尔的接替人选的是白宫经济顾问哈塞特，但在2025年12月11日美联储降息之后，特 朗普会见了沃什，随后就对外宣称沃什将会是新任美联储主席人选。 但在12月17日，特朗普又会见了美联储理事克里斯托弗·沃勒，也被外界认为是在进行提 ...

国泰海通发布研报称，沃什的"实用货币主义"既向市场表明了美联储控制通胀的决心，也能够满足特朗 普的降息诉求，其目的是纠正过渡QE产生的市场扭曲，实现"K"型经济的收敛。 国泰海通主要观点如下： 1）"缩表+降息"：新美联储主席的政策主张 沃什最令人瞩目的政策主张是"降息+缩表"。他认为美联储需要为通胀负责，而危机后持续QE是导致通 胀的主要原因，因而要通过QT控制通胀，而一旦通胀风险和政策扭曲被纠正，就可以为降息创造空 间，沃什称此为"实用的货币主义"。 上述政策主张的背后是一场货币政策的机制改革。沃什曾多次批评美联储的巨额资产负债表，认为QE 扭曲了市场激励：2008年金融危机美联储转向"充足储备机制"，向银行释放大量超额准备金，然后通过 向准备金支付利息来控制利率走廊，这使得银行可以"躺平吃利息"，向实体经济的放贷意愿下降，资 金"脱实向虚"。沃什主张通过缩表降低银行的准备金规模，提升银行的放贷意愿，扭转后危机时代的充 足储备机制，并向危机前的"紧缺储备机制"过渡。 2）白宫与华尔街的权衡：特朗普为何选择沃什 特朗普称现任主席鲍威尔为"太迟先生"的批评，使得忠诚度较高的哈塞特一度成为最热门人选，但其激 进 ...

消息：日本央行官员最早可能于下个月开始出售央行持有的大量ETF。知情人士透露，日本央行希望出售动作对市场的影响能像2000年代出售陷入困境银行股票那样，几乎不引起市场察觉#行情 日元日内继续走强，美元兑日元跌近0.5%至155.10。🗒️日本央行9月制定了ETF出售计划，以每年3300亿日元的账面价值为基础，按照这个速度出售，将需要112年才能出售完毕。外汇交易员 (@myfxtrader):日本央行开始计划出售ETF日本央行周五如期维持利率不变，宣布开始出售其持有的ETF与日本REITS持仓，出售决定获得一致投票通过。将按账面价值，每年出售3300亿日元的ETF，后续调整。#行情 日元短线走强，美元兑日元短线走低50点。日本央行转向QT减少日元供应，且为加息作准备，推动日元升值。 https://t.co/iiqhIlVfNn ...

It's the first days of the month, which are usually bearish.Then, there's also the case that QT has been reduced.This takes time.Now, what's important in the coming week:- Unemployment dataThis is the primarily trigger for the FED to decide whether or not rate cuts are sufficient.Labor > Inflation.If the unemployment data rallies more than expected, the sounds of a recession will start to soar and that will mean that we're likely going to be getting QE.The past period has been volatile and markets have been ...

Liquidity & Market Dynamics - Government shutdown starting October 1st initiates a Treasury General Account (TGA) build of $150 billion to $965 billion, draining cash from the market [1] - Reverse Repo Program (RRP) builds by $20 billion this week, causing bank reserves to fall to "ample" lows, leading to tight funding markets [1] - Tight funding markets are indicated by increased Secured Overnight Financing Rate (SOFR) spreads and record $10 billion usage of the Standing Repo Facility (SRF) [1] - Bitcoin's choppy range is hypersensitive to liquidity, preventing a breakout [1] - Post-month end, RRP decreases will return liquidity, and a TGA drawdown in mid-November will flood the market with cash [1] - Quantitative Tightening (QT) ends December 1st, leading to Federal Reserve balance sheet expansion [2] Crypto Market Impact - A liquidity tailwind is expected after the end of QT [2] - Bitcoin is expected to pump upwards due to increased liquidity [2] - The broader crypto market is also expected to pump upwards [2]

The markets are correcting down, which is standard pre-FOMC procedure.#Bitcoin & #Altcoins are always going down due to risk-off appetite.My advice?Don't trade leverage going into FOMC tonight.There will be a lot of fake moves taking place, before the actual move occurs.If there's another rate cut taking place + QT stops, that's extremely bullish for the outcome of risk-on assets.Again, I think that the recent correction on Gold has shown that this shift is happening already. ...

A Fed rate cut is almost certain Wednesday—but analysts said ending QT could be the real Bitcoin catalyst as inflation tolerance rises.Read more: https://t.co/946Z08TEkn ...

Market Trends - CPI release is unlikely to cause a significant market movement for Bitcoin due to a crucial resistance zone [1] - Expectation of breaking through the resistance in the upcoming week [1] Monetary Policy - Anticipation of the FOMC ending Quantitative Tightening (QT) and implementing rate cuts [1] Risk Factors - Potential government shutdown is approaching [1]

Market Outlook - JP Morgan expects the Fed to end Quantitative Tightening (QT) during this month's FOMC meeting [1] - The end of QT is considered bullish for markets [1]

Selling into the official QT pause?Could never be me. ...