Analysis: Walsh will not be influenced by the White House and will maintain a certain balance in the Fed's dual mandate

Odaily News Spartan Capital Securities Chief Market Strategist Peter Cardillo stated, "I don't want to say that Walsh's nomination as the new Fed Chair is a complete surprise. He has always been considered hawkish, but recently he seems to have aligned more with Trump's stance, making it a bit difficult to assess how the market will receive this nomination. We just need to observe whether he will be influenced by the White House. My guess is that he won't; he will examine issues very prudently and maintain a certain balance regarding inflation and the labor market. He may not be as resolute as Powell, but he won't be far off." (Jin10)