ChainCatcher News, according to Jinshi reports, Kevin Wash's plan to reduce the Federal Reserve's balance sheet will only proceed slowly. Wash pointed out that the Fed's nearly $7 trillion balance sheet has overstepped congressional authority and believes that large-scale bond purchases have distorted financial markets. Sources familiar with the matter revealed that Wash will only begin adjusting the balance sheet after consultations with banks and the public, and it is unlikely that the scale will be restored to pre-2008 financial crisis levels.

Trump nominates Kevin Wash as Federal Reserve Chair, and analysts generally believe his stance is hawkish. The market expects Wash to push for interest rate cuts, but it could also lead to a stronger dollar and a decline in gold and silver prices. He emphasizes monetary discipline, which may have a negative impact on cryptocurrencies like Bitcoin, and recommends multiple reforms for the Federal Reserve to boost economic vitality.