PANews reported on February 1st that, according to a research report from Shenwan Hongyuan Securities, Trump nominated Warsh as the next Federal Reserve Chairman on January 30th (Beijing time), causing significant volatility in the financial markets. However, in terms of interest rate cut expectations, the Warsh nomination and the January FOMC meeting did not have a major impact, and the market still expects the Fed to cut interest rates twice in 2026.