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Trump stated that tariffs will be imposed on eight European countries, and the European Union plans to hold an emergency meeting. Affected by this news, gold and silver on the New York Stock Exchange opened significantly higher in early trading on Monday, with COMEX silver once surging over 6%.

BlockBeats News, January 19th, Kevin Hassett, White House Economic Advisor and Chairman of the National Economic Council, recently publicly stated that Trump is more likely to want him to continue in his current White House position, a statement that the market has interpreted as his basic withdrawal from the race for the next Fed chair. After Trump publicly released the above signal, the prediction market quickly adjusted its expectations. Data from Kalshi and Polymarket show that the probability of former Fed Governor Kevin Warsh becoming the next Fed chair has soared to about 60%, significantly leading; Hassett's odds have fallen to around 15%-16%, and current Governor Christopher Waller is about 13%-14%. Previously, Warsh and Hassett were neck and neck. Analysts pointed out that Warsh has become the "clear frontrunner" for the first time, but Trump has always been unpredictable in personnel matters, so the final result remains uncertain. Other main candidates currently include Waller and BlackRock executive Rick Rieder. Meanwhile, a judicial investigation into the renovation project of the Fed headquarters has added variables to the chairman selection and reignited market concerns about the Fed's independence. Treasury Secretary Benson downplayed the impact, stating that the overall market performance is stable and indicating that the Senate is expected to accept Trump's final nominee. Current Fed Chair Powell's term will end on May 15th. Trump has stated that he will announce his successor within this month, but has not provided a specific timetable yet.

BlockBeats News, January 19th, the preview of this week's key events and data is as follows: 1. Monday: Trump leads a delegation to attend the World Economic Forum Annual Meeting; US stock market closed for Martin Luther King Jr. Day holiday; 3. Wednesday: Trump speaks at the World Economic Forum Annual Meeting on "How Can We Foster Collaboration in a More Competitive World?"; US Supreme Court hears arguments on Trump's attempt to remove Fed Governor Powell. 4. Thursday: US Initial Jobless Claims, November PCE Report, Q3 Real GDP Final Value, US EIA Natural Gas Inventories, Eurozone January Consumer Confidence Index; ECB releases minutes of December meeting. 5. Friday: Japan December Core CPI YoY; US January University of Michigan Consumer Confidence Index and Final Value of One-Year Inflation Expectations; Bank of Japan announces interest rate decision and Economic Outlook Report, Governor Haruhiko Kuroda holds a press conference. (FXStreet)