The personnel changes at the Fed chair are about to become a market focus. According to reports, Trump may appoint a new Fed leader in the first week of January, and this decision will have far-reaching effects on the global financial markets.

Why is this matter so crucial? The Fed controls the direction of the dollar policy, and the new chairman's assumption of office means that significant adjustments to monetary policy may be on the horizon. Specifically:

**Three Major Variables of Policy Direction**
The rhythm of interest rate hikes or cuts will change → USD liquidity will fluctuate accordingly → The global capital allocation pattern will be reshaped. Trump has always advocated for a looser monetary environment; will the new leadership follow this approach? This will determine the capital flow at the beginning of 2025.

**Potential Impact on the Cryptocurrency Market**
If the expectations for interest rate cuts strengthen, the pressure for the dollar to depreciate will increase, and risk assets will welcome a new wave of attention. Assets like BTC, AOGE, and DOGE often benefit when liquidity is abundant. However, it should also be noted that policy uncertainty itself can create short-term volatility—the market needs time to digest this variable.

**Time window is tight**
The first week of January is not far away. If you want to plan ahead, now is the time to refine your strategy. Once the new chairman is selected, the market will react quickly.

What do you think of this personnel change? Who might be the new chairman? In which direction will the policy tilt? Feel free to share your judgment in the comments below.