Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
At a press conference at Mar-a-Lago, the U.S. President once again issued a strong statement regarding the Federal Reserve Chairmanship. He explicitly expressed hope that the current chair would voluntarily resign and frankly admitted that he might take action to directly replace him. More notably, he revealed that he has already identified a successor and plans to make an official announcement at some point in January next year. This clearly signals that the current chair's position is in imminent danger.
The general consensus is that Kevin Hasset, Director of the National Economic Council, is the most likely candidate to succeed. However, the list also includes former Federal Reserve Board member Kevin Woeh, current Board members Waller and Boman, and senior market analyst Rick Reed from BlackRock. The personnel competition has entered its final stage.
Policy disagreements are the real root cause. U.S. leadership has been openly pressuring the Fed to accelerate rate cuts to stimulate economic growth. Last year, the Fed indeed completed three rate cuts, but the outlook released in December for 2026 shifted to "possibly only one rate cut," which starkly contrasts with expectations of significant easing policies. This major deviation in expectations is becoming the trigger for conflict.
Even more radical, the government is considering filing a lawsuit against the current chair on the grounds of "gross misconduct," citing issues related to renovation expenses at the Federal Reserve building. This has gone beyond policy disagreements and evolved into a power struggle at the personnel level.
The current chair's term will end in May 2026, but he has the right to remain as a board member until 2028. If he refuses to resign voluntarily, there will be numerous procedural and legal obstacles for those seeking to replace him. This power struggle, which involves the future direction of the global financial markets, has already entered a heated phase. Its final outcome will directly impact the global liquidity environment, asset price trends over the next few years, and even the overall performance of the cryptocurrency market.