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The new chairman of the Federal Reserve's big reversal! The hawkish-labeled Waller has been directly debunked by billionaire Druckenmiller: "Position is super flexible".

Trump-nominated Federal Reserve Chairman Waller has been a topic of heated discussion in the market due to his hawkish stance. However, his mentor of more than a decade, billionaire Druckenmiller, has directly refuted this: Waller has never been a permanent hawk, supporting interest rate cuts during crises and pandemics, and agreeing with Greenspan's concept of "no inflation growth"!

This once hard-core hawk, who worried about inflation before Lehman’s collapse, not only co-wrote articles with Druckenmiller opposing hasty rate hikes but also holds strong connections in Silicon Valley, able to precisely grasp the balance between growth and inflation in the AI era✨.

More importantly, Waller and Treasury Secretary Yellen are both "disciples" of Druckenmiller, and now the two will jointly take charge of the U.S. economy. The alignment of ideas between the Treasury Secretary and the Federal Reserve Chairman is highly compatible. How will this combination impact the pace of interest rate cuts by the Federal Reserve?

The market is already restless: Following the nomination, U.S. stocks fell, gold plummeted by 11%, and Wall Street still cannot decipher the real operations of this "flexible faction"!

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