US Treasury Secretary Benson: Trump said he would not fire Powell

July 23 news, according to Jinshi, US Treasury Secretary Bessant said: We are not in a hurry to nominate the chairman of the Federal Reserve. The Fed's tariff analysis is "a little wrong". (Talking about interest rate decisions) I don't know what the Fed is thinking. The review of the Federal Reserve may be to set up a committee. The Bank of England has done a good job in reviewing its past monetary policy. The frustration of the Fed's mission puts monetary policy independence at risk. Trump has said that he will not fire Powell. Economist El-Erian said that Powell should resign, which is a bit surprising. My regular talks with Federal Reserve Chairman Powell are still continuing. (Talking about Bowman as a candidate for Federal Reserve Chairman) Reluctant to reveal the name of the candidate. Powell has not yet indicated that he will leave his position on the board. Since the global financial crisis, regulation has been too strict. Trump always has a plan, it's just not always obvious. Trump has created the biggest negotiating leverage on tariffs. The selection of a successor to Governor Kugler is being carried out simultaneously. US Treasury Secretary Bessant (talking about Trump's tariff plan) The market reaction was relatively calm. U.S. Treasury Secretary Benson also said that he believes regional banks are strong contenders for the Federal Reserve chairmanship. [PANews]