U.S. Treasury Secretary: Formal process for successor to Fed Chairman Powell has begun

On July 15, according to Jinshi, U.S. Treasury Secretary Benson said that the formal process for the successor to Federal Reserve Chairman Powell has been initiated and the selection will be carried out at Trump's speed. There are many rumors about the "shadow Fed chairman", which will cause confusion. If the former Fed chairman continues to stay in office, it will be confusing. [PANews]