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BlockBeats News, January 16th, It was mentioned by Hassett, the Director of the White House National Economic Council, that if he were to accept the Fed Chair position, he would focus on enhancing transparency. He would commit to upholding the Fed's independence. Powell and Rieder would also be great Fed chairs. The Fed's independence is crucial for economic stability.

PANews, January 16—According to Golden Ten Data, the Director of the U.S. National Economic Council, Hassett, stated that the White House is working with major banks to launch a new credit card product called the “Trump Card.” They are also exploring the possibility of allowing 401(k) retirement accounts to be used for home down payments through executive orders, while restricting institutional investors from purchasing single-family homes to ease housing affordability issues. Trump is expected to announce the relevant policies during Davos.

BlockBeats News, January 16, the financial markets appear stable, but inflation risks are rapidly accumulating at the underlying asset pricing. Metal prices continue to hit new highs, AI infrastructure is boosting energy and raw material demand, and the uncertainty of Trump's replacement of the Fed Chairman in May has led the market to question whether the previously expected two rate cuts are no longer realistic. Several key cost indicators are rising simultaneously. Gold and silver continue their uptrend from 2025, industrial metals such as copper and steel have become core bottlenecks for AI and data center construction, forming a "bottom support" for manufacturing, construction, and energy prices. At the same time, geopolitical risks remain unresolved, with US-Iran tension and hidden concerns about energy supply further amplifying the tail risks of inflation. Some institutions have adjusted their asset allocations privately, but this change has not yet been fully reflected in bond and stock prices. A more structural variable comes from the Fed's governance level. The market is generally concerned that if the new chairman is seen as dovish in policy stance, it may actually weaken the credibility of inflation control. Several Fed officials have explicitly warned that once the central bank's independence is called into question, inflation expectations will quickly spiral out of control, forcing interest rates to stay at higher levels for longer. Bitunix Analyst: The core mismatch in the current market lies in the "growth narrative still in place, and inflation risk not being fully priced in." If the 10-year Treasury yield effectively breaks above 4.3%, it would mean that inflation concerns have officially shifted from expectations to market action, and the timing and number of rate cuts will inevitably be reduced. The key to 2026 is not whether it will be accommodative, but whether the Fed still holds the policy reins to combat inflation.