President Trump announced that a new Federal Reserve Chair will be selected in early January next year. Treasury Secretary Scott Bessent played a key role in this round of personnel arrangements; he not only organized the candidate screening process but also developed an agenda that could fundamentally reform the way the Federal Reserve operates.

The most attention-grabbing aspect of this high-level adjustment is that Bessent is very likely to form a close working relationship with the new Fed Chair. Some analysts believe that the Treasury Department's influence on asset operations, quantitative easing, and quantitative tightening policies could be significantly enhanced. In other words, future Fed decisions may increasingly consider the stance of the Treasury Department.

For traders who focus on global liquidity and exchange rate fluctuations, this is a development worth closely monitoring. How the new power dynamics will ultimately influence dollar policy and market trends depends on the details of this transition.