US Treasury Secretary: Formal Process for Powell’s Successor Has Begun
According to a report by Jinse Finance, U.S. Treasury Secretary Bessent stated that the formal process to select a successor to Federal Reserve Chair Powell has begun, and the selection will proceed at the pace set by Trump. There are many rumors about a "shadow Fed Chair," which could cause confusion. If the former Fed Chair remains in office, it would be perplexing.
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