U.S. Treasury Secretary Bessent: The formal process for Federal Reserve Chairman Powell's successor has begun

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. (Golden Ten) [Odaily Planet Daily News]