The U.S. Senate Banking Committee will hold its confirmation hearing for Warsh's nomination at 10:00 AM ET on Tuesday (10:00 PM Beijing time). Foreign exchange analyst Adam Button stated that Warsh has maintained a remarkably low profile since his nomination, meaning tomorrow will be the first real opportunity for the outside world to understand his stance. The market is already familiar with Warsh before his nomination; his resume sounds hawkish. His dovish leanings lie in his belief that productivity is about to surge, therefore interest rates should be lowered. This aligns perfectly with Trump's wishes. Senators will take note of this, and he will face questioning. Politico's reporting suggests he will at least go through the motions. I don't know if anyone will believe what he says, but once Trump drops the investigation into Powell, his confirmation is essentially a done deal. Tomorrow is a hearing, not a vote. What disturbs me is that his testimony was leaked to Politico, which is terrible for a position requiring strict information control. There is only one issue that truly matters to the currency market and interest rates: independence. Will Warsh defend it, evade it, or comply? How tough will he be? Can he convince the audience without saying the things that led Trump to withdraw his nomination? Given all the drama surrounding Iran, this hearing won't be as high-profile as usual. (Jin Shi)