#WhoIsNextFedChair
The market is watching names.
Serious capital is watching signals.
That's where the difference begins. ⚠️
Since the end of 2024, not only the tone of the Federal Reserve has changed.
The behavior of institutional money has changed. 🐘
While the public debate revolves around who could occupy the chair,
the flows are already reacting to what kind of Fed is coming next. 🧭
Uncomfortable data:
– The Reverse Repo Facility has been draining steadily.
– The yield curve has stopped reacting to speeches
and started moving before meetings.
– The big banks adjusted duration and liquidity
without waiting for announcements. 🔇
That's not improvisation.
That's anticipatory reading. 🐘
Another little-commented detail:
The balance sheet reduction continues,
but at a pace that no longer tightens the same way. ⚠️
It's not a dovish turn.
It's preparation. 🧭
When big money moves like this,
it's not betting on a name.
It's discounting a more flexible monetary framework
in the medium term. 🐘
The consensus discusses policy.
Capital measures the cost of money, depth, and timing of liquidity. 🔇
That's where many get lost.
And where others are already sitting, waiting. 🧭
Because when the Fed chair is announced,
the real movement…
typically happens beforehand. ⚠️
$USDC
$BTC
