US Treasury Secretary: The formal process for Fed Chairman Powell's successor has begun

On July 15 (UTC+8), 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 Federal Reserve Chairman," which will cause confusion, and it would be confusing if the former Federal Reserve Chairman continues to hold office. (Source: PANews) [MetaEra]