Recently, a major piece of news has been widely discussed in the crypto community: Trump has locked in his candidate for the new Fed Chair. Former Fed Governor Waller has become the top favorite, and White House economic chief Haskett is also considered in the shortlist. Even more explosive, Trump has made a statement—aiming to push the federal funds rate down to 1% or even lower within a year.

What does this mean for the crypto world? Many veteran players have already sensed the opportunity. Current Chair Powell's term will end in May next year, and Trump has long been dissatisfied with his rate-cutting pace, even threatening to replace him outright. Waller, who was interviewed by Trump in 2017, is basically considered one of his own. Haskett holds significant influence in the White House economic circle, and both are likely to push policies in line with Trump’s easing stance.

Historically, Fed rate cuts often signal liquidity release in the dollar, with large amounts of capital seeking high-yield channels. Crypto markets usually become one of the main beneficiaries. Currently, the federal funds rate remains above 5%, and if it is truly lowered to 1%, the amount of hot money released could be substantial. Leading assets like BTC and ETH are likely to receive significant boosts from this.

But stay calm—nominations still need approval from the Senate. Powell is also advocating for the Fed’s independence, so whether the rate-cutting policy can be truly implemented remains uncertain. Sometimes, market expectations can drive trends more than the actual policies, so this is something to watch.

The question now is: Can Trump successfully push through this personnel change? Will the super-low 1% rate really trigger the next wave of market rallies? Or is this mainly just phase-specific market speculation? What does everyone think?