All eyes on Wall Street are now focused on one name - Kevin Hassett. This director of the White House National Economic Council is seen by Trump as the preferred candidate for the next chair of the Fed. His judgment on the economic situation and policy preferences directly determine the pace of interest rate cuts and also influence the direction of the US and global markets in the coming years. Want to understand how this potential monetary policy leader will play his cards? You need to first look at his background.

Hassett was born in 1962 and has a solid academic background—undergraduate at Swarthmore College and a Ph.D. in economics from the University of Pennsylvania. He started as an assistant professor at Columbia University in 1989 and worked his way up to associate professor at the business school, also guest lecturing at the NYU School of Law, gaining years of experience in the fields of economics and financial theory.

More importantly, he has already had dealings with the Fed before. Prior to 1997, Hassett served as a senior economist at the Fed, deeply involved in policy research and operational analysis. This experience has given him a thorough understanding of the underlying logic of monetary policy and has laid the groundwork for his potential return to the Fed today — but this time in the role of a leader.

After 1997, he joined the American Enterprise Institute, a stronghold of American conservatives and a think tank for the Republican Party, gradually becoming a core think tank for Republican economic policy. During his tenure as a resident scholar and director of domestic policy research, he focused on how tax policy affects corporate behavior and public welfare, and his research results directly provided ammunition for the Republican Party's economic governance.

What truly brought him into the center of power was his close cooperation with the Trump team. (The original text is truncated here)

What does Hasset's ascension mean for the crypto market? His economic philosophy, approach to balancing inflation and employment, and attitude towards financial innovation will profoundly impact the liquidity environment in the future - which is the core variable affecting the price volatility of crypto assets. The market is holding its breath for his next move.