CITIC Securities: The dovish forces within the Federal Reserve have明显减弱

According to Jinshi reports, a research report from CITIC Securities points out that the current pace of the Federal Reserve's leadership transition is steady. In the next two years, among the seven members of the Federal Reserve Board, only Jerome Powell may see changes due to the end of his term in 2028.

New Chairman Waller was sworn in on May 22 and did not release any dovish signals. Overall, the dovish forces within the Federal Reserve have significantly weakened, with a neutral and slightly hawkish policy stance prevailing, but attention still needs to be paid to factors such as the U.S. economic situation and geopolitical conflict risks.