Hello, Federal Reserve Waller belongs to pigeons. Both Sheldon and Waller's policy positions are regarded as doves. Both of them had a tendency to cut interest rates before. The approval of this nomination may once again strengthen the market's dovish expectations of the Fed's monetary policy, thus putting pressure on the US dollar. There are two vacant seats on the Federal Reserve Board. From July 2065438 to July 2009, US President Donald Trump first nominated Sheldon as a director of the Federal Reserve, but the latter was criticized for supporting the gold standard and questioning the political independence of the Federal Reserve, and her nomination also caused widespread controversy. Sheldon served as an informal adviser to Trump's campaign team on 20 16. It is widely believed that if Sheldon successfully enters the board of directors of the Federal Reserve, and once Trump removes the current chairman Powell, Sheldon is likely to become Powell's successor.

1, the foreign exchange market is trading the Fed's interest rate hike expectations. As soon as hawkish remarks appeared, the US dollar index rose and non-US currencies fell. If there are doves, there will be contrarian. Yesterday, Federal Reserve Governor Waller said in a speech: Before raising interest rates in 2022, the unemployment rate must drop sharply or inflation must remain high. As the economic situation is far better than we expected, it may be earlier to reduce the scale of bond purchases than originally expected, so it is appropriate to consider withdrawing some stimulus measures now. In the first half of this speech, the conclusion of Federal Reserve Chairman Powell was repeated. In the second half of the year, "reducing monthly bond purchases in advance" was mentioned again. The US dollar index rose and stood firm at the 92 integer mark.

2. If Trump is elected in 2020 and Powell's term expires in 2022, she will become Powell's successor. During the coronavirus pneumonia-19 epidemic, the controversy about Sheldon caused more and more controversy. Sheldon has been repeatedly commented that she has "manipulated" monetary policy many times. Critics believe that her attitude is very different, unprincipled and unpredictable. On July 20, it was reported that one of the main obstacles to Sheldon's nomination, Louisiana Senator John Kennedy, changed his attitude and expressed his support for Sheldon. This difference in voting may come from this.

3. The United States Federal Reserve System, referred to as the Federal Reserve, is a private central bank in the United States. The Federal Reserve is the largest holder of US federal bonds. The Federal Reserve is strictly confidential to shareholders and is responsible for performing the duties of the US central bank. The system was established according to 19 13 Federal Reserve Act of February 23rd. The core regulator of the Federal Reserve is the Federal Reserve Board of Directors. The Federal Reserve System of the United States consists of the Federal Reserve Board in Washington, D.C. and 12 regional federal reserve banks all over the country. Jerome Powell is the current CEO of the Federal Reserve. As the central bank of the United States, the Federal Reserve obtains power from the United States Congress, and exercises the duties of formulating monetary policy and supervising American financial institutions.