🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
📝 Share your trading experience or screenshots on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 July 3, 7:00 – July 9,
Is the next Fed chair Trump’s ally "Treasury Secretary Bentsen"? The White House quickly clarifies, Powell will step down next May.
U.S. President Donald Trump has announced that the next chairman of the Federal Reserve (Fed), Treasury Secretary Benson and former governor Walsh are popular candidates, and the market is closely watching the potential impact of this appointment on monetary policy and the global economy. (Synopsis: Bitcoin is difficult to continue to write a new all-time high? BTC search is cold, volatility approaches the lowest level in two years) (Background added: Trump Truth Social applies for bitcoin ETF, censor 'SEC chairman is his own family' causes controversy) US President Donald Trump announced on Air Force One last week that he would announce the next Federal Reserve (Fed) chairmanship "soon", a personnel appointment that has quickly become at the heart of attention in the global financial community as the current chairman's term expires in May 2026. The chairman of the Federal Reserve has the right to formulate US monetary policy, which directly affects interest rates, inflation and even the overall economic performance, especially Trump has repeatedly pressured Powell to lower interest rates, so the background and policy tendency of the new candidate may bring significant changes to the market. (Any of the Trump-controlled puppets at the meeting?) The White House denies the rumors, the market continues to pay attention Just yesterday (10), the news that the current Treasury Secretary will become the next Fed chairman candidate quickly fermented in the community, but the White House quickly denied Bescent's rumors, calling them "fake news". At the same time, the White House stressed that there is currently no formal interview process for the chairman, and there is no established direction for appointment or formal consultations or talks on candidates. Despite official clarifications, market and media speculation has not subsided due to the extreme importance of the Fed chairmanship and Trump's past style in personnel appointments. In addition to the current U.S. Treasury Secretary Scott Bessent, another high-profile favorite is Kevin Warsh, who served as a Fed governor from 2006 to 2011 and has extensive experience in the central banking system. The former is currently the core implementer of the Trump administration's economic strategy, leading global trade reforms and tax adjustments. He is considered a "practical economist" and a pro-bitcoin candidate and actively participates in policy discussions such as the strategic bitcoin reserve in the United States. However, the market also has doubts about his appointment as chairman of the Federal Reserve, mainly because his area of expertise is not monetary policy, and as finance minister, there may be a problem of interest avoidance in the nomination process. In the face of related rumors, Bescent responded cautiously: "I have the best job in Washington right now. The president will decide who is best for the economy and the American people." In contrast, Walsh's professional experience has more contact with the Fed. According to Financial Express, Warsh was interviewed for the position of Treasury secretary in 2023 and is therefore considered a highly favored candidate by Trump. He is a well-known currency hawk who has criticized the Fed's traditional inflation and employment balancing strategy and argued that interest rates can be lowered by cutting the Fed's balance sheet, which may be in line with Trump's expectations of low interest rates. But his view of monetary policy may also be too pandering to Trump's political pressures, threatening to undermine the Fed's independence. In addition to these two, other potential candidates mentioned include current Fed Governor Christopher Waller, former World Bank President David Malpass, and former White House Council of Economic Advisers Kevin Hassett. The outcome of this appointment will not only affect the U.S. economic outlook, but will also have far-reaching implications for global financial market stability and economic recovery, so the global market is waiting with bated breath to reveal the final candidate. Related reports US core PCE hit a four-year low in April! Inflation cools down, confidence rebounds, but the Fed sounding board warns of two risks Trump and Ball White House interview "asked the Fed to cut interest rates", Powell reiterated: the Fed adheres to the principle of non-politicization The Fed released the May FOMC record "mining companies plunged": tariffs are being passed on to consumers, uncertainty is increasing 〈The next Fed chairman is Trump's love will "Treasury Secretary Besent"? The White House urgently clarified that Ball will step down next May" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".