#美联储人事变动# There are quite a few implications behind this recent personnel change at the Fed. Kugler's sudden resignation has given Trump the opportunity to place his confidants in advance. On the surface, it seems to be about filling a vacancy, but in reality, it is aimed at pressuring Powell and may even be preparing for his replacement. I must say, the political gamesmanship is truly remarkable. We ordinary investors need to keep our eyes wide open and closely follow the upcoming personnel movements. What impact will the newly appointed council have on monetary policy? Will it lead to increased market fluctuations? These are all things we need to prepare for in advance. Experience tells me that at such critical moments, one should never easily chase the price or sell with a bearish market; maintaining a calm and observant stance is the best strategy. After all, those who can see the changes in the situation are often the ones who can hold above in the market.