🎯 LOT Newcomer Limited-Time Airdrop is Live!
Individual users can earn up to 1,000 LOT — share from a total prize pool of 1,000,000 LOT!
🏃 Join now: https://www.gate.com/campaigns/1294
Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!🎯 LOT Newcomer Limited-Time Airdrop is Live!
Individual users can earn up to 1,000 LOT — share from a total prize pool of 1,000,000 LOT!
🏃 Join now: https://www.gate.com/campaigns/1294
Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
Trump plans to create a "shadow The Federal Reserve (FED) chairman"
On June 26, The Wall Street Journal reported that Trump is increasingly frustrated with the Federal Reserve's (FED) stance of inaction on interest rate cuts, prompting him to consider announcing the next Federal Reserve Chairman candidate early. Currently, the term of the incumbent chairman Powell has 11 months left. According to insiders, Trump has been contemplating whether to select and announce Powell's successor this September or October. Trump's dissatisfaction with Powell may even push him to make this decision earlier this summer. Candidates Trump is considering include former Federal Reserve Board of Governors member Kevin Warsh and National Economic Council director Hassett. Additionally, Treasury Secretary Mnuchin has also been recommended as a potential candidate by supporters of both. Other possible nominees include former World Bank President Malpass and current Federal Reserve Board of Governors member Waller. Since the new Federal Reserve chairman will not officially take office until May next year, announcing a candidate this summer or fall would be far earlier than the usual three to four months transition period. This early announcement could allow the nominee to influence market expectations for future interest rate paths.