The competition among Fed chair candidates is rife with undercurrents, with "draining Wall Street" becoming a core issue.

BlockBeats News, on November 14, a main competitor to the Fed chairman under President Trump is building a consensus around a policy that seems contrary to Trump's style. Trump desires low interest rates, but the Fed chairman candidates he favors advocate for limiting the central bank's core tool for achieving low rates—quantitative easing. This political paradox is becoming a sharp contradiction in the race for the next Fed chairman. Trump continues to loudly criticize the current Fed chairman Powell, with his true intention being to appoint a new central bank president next year who aligns more closely with his own ideals. However, in this race for succession, much of the discussion has focused on a topic that seems to run counter to Trump's assertions: limiting the scale of the Fed's financial asset holdings. The current core issue is how the situation will evolve in the coming months as Chairman Powell's term ends in May next year. Voices advocating for a more cautious approach to quantitative easing are gaining greater influence, suggesting that the Fed's response to a future economic downturn may undergo profound changes. But regardless of who the final candidate is, there is reason to believe that Fed officials appointed by Trump will still be forced to utilize all policy tools in the face of an economic slowdown—especially at a time when the American public is worried about the cost of living.