Recently, U.S. Treasury Secretary Yellen made important remarks regarding the candidates for the new chair of the Fed. She emphasized that the next chair of the Fed needs to have broad credibility, and the challenges of this position should not be underestimated. The new chair must not only be proficient in analyzing complex economic data but also have the ability to coordinate 12 voting members to strive for policy consensus.

Besant emphasized the importance of the Fed's policy independence. She pointed out that if the government frequently intervenes in monetary policy, such as arbitrarily requesting interest rate cuts or expanding the money supply, it will lead to economic disorder. Especially under the current high inflation pressure, it is even more necessary for the Fed to maintain independence to stabilize the economy. However, in recent years, the scope of the Fed's responsibilities has been continuously expanding, which has somewhat affected its principle of independent decision-making. Therefore, the new chairman needs to reassess the core functions of the Fed after taking office.

Regarding Trump's repeated public calls for the Fed to cut interest rates, Bessent clearly stated that the president's opinions should not be a decisive factor, and the final decision-making power should be independently held by the Fed. She believes that blindly following government directives and frequently adjusting interest rate policies would severely impact the economic interests of ordinary people.

Overall, Besant's speech conveyed three key messages: First, the new chairman needs to possess strong professional skills and leadership abilities; second, the Fed must maintain policy independence; and finally, the Fed should focus on its core functions and avoid excessive expansion of authority. In the current complex economic situation with high inflation pressures, the Fed indeed needs an outstanding leader. However, the job of the new chairman is not an easy one, requiring a balance between political pressure and economic stability, which is undoubtedly a highly challenging position.