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Waller follows in Powell’s footsteps—will his long-anticipated clash with Trump finally arrive?
Wash will appear before the Senate Banking Committee hearing at 22:00 Beijing time on Wednesday.
Waller’s hearing debut may face numerous tough questions: on inflation, reaction function, interest rates, independence, and more
Facing questioning from lawmakers tonight, Wall Street does not expect the Federal Reserve's new chair— who has refused to offer any forward guidance—to provide clear answers, and only hopes he will share his views on the economy.
United Front – Wall Street’s 'Three-Step Approach' Aims to 'Restart Interest Rate Cuts'
Internal divisions within the Federal Reserve are severe, and how newly appointed Chair Kevin Warsh unifies the committee has become the biggest uncertainty for the second half of the year. China Securities Journal forecasts that he will resolve the situation in three steps: in July, rebalance personnel appointments to ensure committee equilibrium; in Q3, reframe the supply-side policy framework around an AI-driven productivity revolution; and in Q4, complete a dovish pivot and restart rate-cut speculation. Against the backdrop of improving liquidity expectations, U.S. Treasuries, gold, and tech-related narratives are gradually gaining traction, though volatility risks in Q3 should not be underestimated. Core View: Policy positions within the Fed are significantly divergent. After Warsh assumes office, reconciling these differences and forging a unified stance will be the central focus for the remainder of the year. Step One – July: Personnel arrangements and appointments to key working groups.
Global Capital Markets Review and Outlook: Seeking a New Equilibrium amid Divergence and Restructuring
The first half of 2026 in global capital markets concluded amid extreme divergence and heightened volatility. The interplay between sudden geopolitical shocks and the deepening evolution of AI-driven technological transformation has reshaped the pricing dynamics across asset classes. At this mid-year juncture, reviewing the market trajectory of the past six months and projecting the path ahead for the remainder of the year is critical to identifying the key investment themes going forward.
Gold and Bitcoin plunge as the U.S. dollar surges! The 'depreciation trade' rapidly unwinds, with Warsh’s potential Fed leadership emerging as the key driver.
Gold and Bitcoin have both weakened, while the U.S. dollar has staged a strong rebound, signaling the unraveling of the 'depreciation trade' that has dominated markets for the past two years.
Express News | The U.S. Senate voted to suspend military action against Iran unless Trump obtains congressional approval.