Looking at the controversy surrounding the Fed chair nomination, the answer has actually been clear all along — Chris Waller not only has the highest profile but is also the most logical choice given the current situation.

Public opinion is still evaluating other candidates, but the market has already spoken through action. 81% of top executives support Waller, and this is not just poll data; it reflects genuine confidence from capital.

My view is that what’s needed now is not just a compliant technocrat. This position requires someone capable of handling three high-difficulty tasks simultaneously:

First, having the courage to use rate cuts to "ease" the economy and respond to potential growth pressures. Second, possessing enough independence to uphold the Fed’s credibility and say "no" to political pressure. Third, earning the trust of both Wall Street and the real economy to stabilize market expectations.

Waller has proven capable of all three. He was more alert to economic risks and advocated for rate cuts earlier than his colleagues — a sign of foresight. He maintains the Fed’s independence and refuses to compromise for political interests — a mark of professionalism. His speeches can move the stock market and lower bond yields — a rare influence in Washington. Such qualities of "knowing and doing" that are recognized by the market are extremely scarce.

In comparison, other candidates labeled as "politicians" can only handle one or two of these tasks at most. Some even have such strong political stances that they could fracture market consensus. Choosing them would be akin to placing a high-risk bet.

So this is not just a routine personnel change but a strategic decision that concerns the future of the U.S. economy. Missing out on Waller because he’s not "politicized" enough or due to short-term considerations is like throwing away the most reliable map at a crossroads. The consequences could be more than policy missteps; it could send a dangerous signal to the markets: the Fed’s independence and professional judgment are once again being overshadowed by political calculations.