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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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U.S. Treasury Secretary: Looking for a new Federal Reserve Chairman starting this fall; Trump may announce the candidate early.
On July 4, U.S. Treasury Secretary Bencet stated that there are many excellent candidates for the Chairman of the Federal Reserve (FED), and work on this will begin in the fall. Previously, according to a June 25 report by The Wall Street Journal, President Trump is considering an early nomination for the next Chairman of the Federal Reserve (FED) to undermine the influence of the current Chairman Powell, who still has 11 months left in his term.
Informed sources 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 a successor earlier at some point this summer." Trump is considering former Federal Reserve Board member Kevin Warsh and White House National Economic Council Director Kevin Hassett. Additionally, informed sources revealed that someone recommended Treasury Secretary Mnuchin as a potential candidate; other competitors include former World Bank President Malpass and Federal Reserve Governor Christopher Waller.