US Treasury Secretary: The selection process for the new Federal Reserve Chairman will begin in the fall

According to BlockBeats, on July 4th, US Treasury Secretary Vicente stated that there are many excellent candidates for the position of Federal Reserve Chairman, and the work will begin in the fall. Previously, according to a report by The Wall Street Journal on June 25th, US President Trump was considering early nomination of the next Federal Reserve Chairman to weaken the influence of current Chairman Powell, who currently has 11 months left in his term as Federal Reserve Chairman. Insiders revealed that Trump is considering selecting and announcing Powell's successor before September or October, and Trump's anger towards Powell may lead him to announce his successor earlier this summer. Trump is considering former Federal Reserve Governor Kevin Walsh and White House National Economic Council Director Kevin Hassett. In addition, sources familiar with the matter have revealed that someone has recommended Finance Minister Besant as a potential candidate; Other competitors include former World Bank President Malpass and Federal Reserve Governor Christopher Waller. (Golden Ten)