Deep Tide TechFlow news, on July 15, according to Jinshi Data reports, U.S. Treasury Secretary Besant suggested that Federal Reserve Chair Powell should resign from the Federal Reserve Board when his term as chair ends in May 2026. Besant stated on Tuesday: "Traditionally, the Federal Reserve Chair also resigns from the Board upon leaving office. There has been much discussion about the 'shadow Federal Reserve Chair' that could cause confusion before an official nomination. I can say clearly that if the former Federal Reserve Chair continues to stay on the Board, it could be very confusing for the market." Powell's term as a Federal Reserve Board member does not end until January 2028, which means that even if his term as chair ends in May next year, he could still remain at the Federal Reserve and participate in monetary policy formulation. Regarding whether he will continue to serve on the Board, Powell has repeatedly avoided responding. This silence complicates President Trump's and his aides' decision-making when adjusting the Federal Reserve leadership next year. Besant also stated: "The formal process for determining the nomination of the next Federal Reserve Chair has already begun, and there are many excellent candidates both inside and outside the Federal Reserve."