The final candidate for Federal Reserve Chair still needs to be waited on. There is another round of screening this week—Trump plans to interview Rick Reid, an executive at BlackRock. However, from external interpretations, this interview may be more of a formality. Why is there such a judgment? History provides clues. The case of the previous Fed Chair William Miller, who was parachuted in from Wall Street, is a clear example. His appointment process also sparked considerable controversy at the time. This reflects an old issue: the delicate relationship between Wall Street elites and federal policymakers. Executives with a financial industry background entering decision-making positions always bring discussions about neutrality and conflicts of interest. This round of candidate turbulence indicates that the market’s sensitivity to the composition of the Fed leadership is indeed increasing.