Institution: It is unlikely that Powell will threaten the independence of the Federal Reserve.

Mark Dowding, Chief Investment Officer of BlueBay Asset Management, stated that the market generally expects Kevin Wash to provide reasons for a dovish stance, advocating that the productivity increase brought by artificial intelligence will ensure controlled inflation. Therefore, the futures market continues to anticipate that the Federal Reserve will cut interest rates twice this year, consistent with expectations from the past few months. Compared to other potential candidates, Wash may be seen as less dovish. Previous interactions with other members of the Federal Reserve show that Wash is highly respected, and if appointed as Federal Reserve Chairman, he is unlikely to pose a threat to the institution's independence.