**The Fed Might Get a New Chair—This Is Even Bigger Than a Rate Cut**

Rumors of Hassett replacing Powell are now being seriously discussed even in CICC's research reports. The core logic is simple: if Trump really puts Hassett in charge, the trends of US Treasuries and the dollar could shift dramatically.

Short-term, it may look friendly. Long-term? All bets are off—it's pure uncertainty.

**Why Should Crypto Care About This?**

Suppose Hassett takes office in Q1 next year and immediately signals easing—there’s a high chance the dollar will soften in the short run. When that happens, global capital needs somewhere to go—and you know how sensitive crypto market liquidity is. Once the money flows in, markets spring to life almost instantly.

But—

As soon as economic data looks a bit better and inflation ticks up, the dollar will reverse and rally. When that happens, capital could exit so fast you won’t even have time to react.

Volatility will only get more intense.

**How Should Retail Investors Respond? Three Suggestions**

**1. Don’t Let Headlines Control You**
See "liquidity injection" and rush in? See "tightening" and panic sell? That’s just handing control to clickbait. Policy transmission is never a straight line—it’s always full of twists and turns.

**2. Watch Two Core Signals Closely**
• The new chair’s first public statement—this will directly set the tone for the dollar
• Hard US economic data—employment, CPI, consumer spending—these are the real switches for capital flows

**3. Strategy Always Beats Betting**
Don’t gamble on one-sided trades.

Keep your main positions in assets you truly understand and can hold onto, and keep some dry powder—if the market tumbles from macro confusion and panic, that’s your window to build positions.

In this stage, it’s simple: The wind is picking up, but you have to stay at the table first.

Hold your positions, hold your nerve. The next wave of real winners will be those who can stay clear-headed amid all the macro noise.