#plasma $XPL The hatred of the rich is a common denominator CCTV News reported that Trump officially nominated Kevin Walsh as the next Chairman of the Federal Reserve, but the nomination still needs to be approved by the Senate to take effect. Kevin Walsh, who has a rich resume, is 55 years old. From 2006 to 2011, he served as a Federal Reserve Governor, being the youngest Federal Reserve Governor at the time, and he is very familiar with how the Federal Reserve works. He has worked in the mergers and acquisitions department at Morgan Stanley and is well-acquainted with how financial institutions operate. He also served as a special assistant to the President for economic policy in the George W. Bush administration, so he is quite familiar with how the government operates. Moreover, he has a father-in-law who is the head of the cosmetics giant Estée Lauder, and the relationship between Lauder and Trump has always been good. This means Kevin is quite familiar with how to navigate Trump's backdoor. Understanding that the situation changes over time, Kevin is very adept at adjusting his stance. Previously at the Federal Reserve, his position was that things should not be chaotic, the dollar must not depreciate, and the dollar's hegemony is important; interest rates should not be lowered casually. However, just a few months ago, he suddenly reversed his stance, stating that Trump's call for lowering interest rates is correct and that high interest rates will certainly increase the burden of debt. This means that if Kevin really wants to lower interest rates, he will definitely find a way to reduce the scale of the Federal Reserve's assets and liabilities, while also appropriately giving up some decision-making independence to work well with Trump. Therefore, whether the Senate can pass a vote on him is naturally in doubt.
@Plasma $XPL #Plasma Hatred of the rich is the common denominator CCTV News reported that Trump officially nominated Kevin Walsh as the next Chairman of the Federal Reserve, but the nomination still needs the approval of the Senate to take effect. Kevin Walsh has a rich resume and is currently 55 years old. From 2006 to 2011, he served as a Federal Reserve Governor, being the youngest Federal Reserve Governor at the time, and is very familiar with how the Fed works. He previously worked in the mergers and acquisitions department at Morgan Stanley and is well acquainted with how financial institutions operate. He also served as a special assistant to the President for economic policy under the George W. Bush administration, and is familiar with how the government operates. He even has a father-in-law who is the head of cosmetics giant Estée Lauder, and the relationship between Lauder and Trump has always been good, which means Kevin is quite familiar with how to navigate Trump's backdoor. Knowing that times change, Kevin is very adept at adapting to the situation. Previously at the Federal Reserve, his stance was that things cannot be messed up, the dollar cannot depreciate, and dollar hegemony is very important; interest rates cannot be lowered casually. Yet, just a few months ago, he suddenly shifted gears, indicating that Trump’s call for lower interest rates is correct, and high interest rates will certainly increase debt burdens. This means that if Kevin really wants to lower interest rates, he will definitely find ways to reduce the Federal Reserve's balance sheet scale while appropriately giving up some decision-making independence to cooperate well with Trump. Therefore, whether the Senate can vote for him is naturally in doubt. Hatred of the rich is the common denominator. CCTV News reported that Trump officially nominated Kevin Walsh as the next Chairman of the Federal Reserve, but the nomination still needs the approval of the Senate to take effect. Kevin Walsh has a rich resume and is currently 55 years old. From 2006 to 2011, he served as a Federal Reserve Governor, being the youngest Federal Reserve Governor at the time, and is very familiar with how the Fed works. He previously worked in the mergers and acquisitions department at Morgan Stanley and is well acquainted with how financial institutions operate. He also served as a special assistant to the President for economic policy under the George W. Bush administration, and is familiar with how the government operates. He even has a father-in-law who is the head of cosmetics giant Estée Lauder, and the relationship between Lauder and Trump has always been good, which means Kevin is quite familiar with how to navigate Trump's backdoor. Knowing that times change, Kevin is very adept at adapting to the situation. Previously at the Federal Reserve, his stance was that things cannot be messed up, the dollar cannot depreciate, and dollar hegemony is very important; interest rates cannot be lowered casually. Yet, just a few months ago, he suddenly shifted gears, indicating that Trump’s call for lower interest rates is correct, and high interest rates will certainly increase debt burdens. This means that if Kevin really wants to lower interest rates, he will definitely find ways to reduce the Federal Reserve's balance sheet scale while appropriately giving up some decision-making independence to cooperate well with Trump. Therefore, whether the Senate can vote for him is naturally in doubt. How can we still count on this? So we all need to study hard to get better opportunities and space for development, and strive to improve our own requirements for work ability and quality of life, as well as how to do a good job in self-construction.
$XPL @Plasma #Plasma Hating the wealthy is the common denominator CCTV News reported that Trump formally nominated Kevin Warsh as the next Chair of the Federal Reserve, but the nomination still needs to be approved by the Senate to take effect. Kevin Warsh, with a rich resume, is 55 years old. He served as a Federal Reserve Governor from 2006 to 2011, making him the youngest Federal Reserve Governor at the time, and he is very familiar with how the Federal Reserve operates. He has worked in the mergers and acquisitions department at Morgan Stanley and is well acquainted with how financial institutions operate. He also served as a special assistant to the President for economic policy during the Bush administration, giving him a good understanding of how the government operates.
$XPL @Plasma #Plasma Hating the rich is the common denominator CCTV news reported that Trump officially nominated Kevin Walsh as the next chairman of the Federal Reserve, but the nomination still needs to be approved by the Senate to take effect. Kevin Walsh, with a rich resume, is 55 years old. From 2006 to 2011, he served as a Federal Reserve Governor, making him the youngest Federal Reserve Governor at the time, and he is very familiar with how the Federal Reserve works. He has worked in the mergers and acquisitions department at Morgan Stanley and is well acquainted with how financial institutions operate. He also served as a special assistant for economic policy to President George W. Bush, giving him a solid understanding of how the government functions.
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