US Treasury Secretary: Formal process for Powell's successor has begun

On July 15th, according to Jinshi Data, U.S. Treasury Secretary Bessent stated that the formal process for the successor to Federal Reserve Chairman Powell has been initiated, and the selection will proceed at the speed of Trump. There are many rumors about a "shadow Fed Chairman," which will cause confusion. If the former Fed Chairman continues to hold office, it will be confusing. [TechFlow]