Besenet: Powell can continue to serve as a Federal Reserve governor, and the Trump administration will not pay daily attention to the stock market

Wallstreetcn
2025.06.27 20:24

U.S. Treasury Secretary Becerra discusses the "shadow chairman" of the Federal Reserve, stating he does not know who is discussing this issue.

The Federal Reserve will have two vacancies in early 2026.

Federal Reserve Chairman Powell does not need to leave; after his term ends in 2026, he may continue to serve as a Federal Reserve governor.

Regarding President Trump's candidates for Federal Reserve chairman, "I will act according to his wishes."

When asked about the dollar's performance, he stated that exchange rate fluctuations are normal.

(The Trump) administration will not monitor the stock market every day. (CNBC)

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