Recent reports indicate that Trump is considering new candidates for the Fed chair, raising concerns in the market about the independence of monetary policy. If the future Fed chair is someone with similar ideologies to Trump, it could have multiple effects on the economy and financial markets.

First of all, this may increase the risk of stagflation in the economy. Secondly, this personnel change may exacerbate market concerns about fiscal conditions. In addition, the international status of the dollar may be weakened, which could lead to capital outflow.

For the financial market, this change may trigger a simultaneous decline in the US stock market, bond market, and foreign exchange market, forming what is known as a "triple kill" situation. This will pose severe challenges for investors.

It is noteworthy that the independence of the Fed has always been regarded as an important guarantee for maintaining economic stability. If this independence is threatened, it could have profound effects on the stability of the entire financial system.

However, these are currently just market speculations. The appointment of the Fed chairman requires a strict process, including presidential nomination and Senate confirmation. Therefore, market participants still need to closely monitor the developments and cautiously assess the potential impacts.