Is future Federal Reserve Chair Powell a dove or a hawk? Stop guessing blindly; just look at his public "oath of allegiance."

After Trump nominated Waller as the next Federal Reserve Chair, it initially triggered market panic over Waller, as markets were concerned that Waller was a hawk on balance sheet reduction.

However, the market soon began to “comfort” itself: since he was nominated by Trump, he must be a dovish rate cutter.

Market sentiment is often unpredictable; the key question is: what exactly is Waller?

We can get a glimpse of this from his “public declaration of allegiance.”