The new chairman of the Federal Reserve, many people are looking at Kevin Warsh's resume, saying he is the youngest Federal Reserve governor with a strong professional background.
But to be honest, in Washington, a resume is just a ticket; the network of relationships is the real passport.
He has an identity that many people are not willing to talk about:
The head of Estée Lauder and the son-in-law of Ronald Lauder, a close friend of Trump. Entering the Federal Reserve at the age of 35, do you really think this is all based on papers? At this level, background is often more important than models.
If Warsh really takes the top position, it's not just a change of a technocrat,
but the gate of the dollar, leaning more towards expansionary capital.
The front desk is geography, resources, and territory,
The back office is interest rates, the dollar, and global liquidity.
This is not a coincidence, it's a structure.
Power, capital, and currency, three lines tied to one family.
What you see is not professional advancement,
but the network of relationships, holding the most core switches tighter.
What does this situation mean for global assets? Experience it yourself. Don't forget, the Crown Prince already told you that Powell was also brought up by Trump, and everyone knows what happened in the market before he took office!