The race for Federal Reserve Chair is brewing, with "draining funds from Wall Street" becoming a central issue.

According to Mars Finance, on November 14th, the main contenders for the position of Federal Reserve Chair under US President Trump are reaching a consensus on a policy that seems to contradict Trump's style. Trump desires low interest rates, but his preferred candidates for Fed Chair advocate limiting the central bank's core tool for achieving low interest rates—quantitative easing. This political paradox is becoming a sharp contradiction in the race for the next Fed Chair. Trump's continued vehement attacks on current Fed Chair Powell are actually aimed at appointing a new central bank governor next year who is more aligned with his own ideas. However, in this succession race, much discussion focuses on an issue that seems to contradict Trump's stance: limiting the size of the Fed's holdings of financial assets. The core issue now is how the situation will evolve in the coming months as Chairman Powell's term expires next May. Voices taking a more cautious stance on quantitative easing are gaining more influence, indicating a potential profound shift in the Fed's approach to future economic recessions. But regardless of who is ultimately chosen, there is reason to believe that the Fed officials appointed by Trump will still be forced to use all policy tools during an economic slowdown—especially given the current anxieties of Americans about the cost of living. (Golden Ten)