PANews July 23 news, according to Jinshi report, U.S. Treasury Secretary Basent stated: We are not in a hurry regarding the nomination of the Federal Reserve Chairman. The Federal Reserve's tariff analysis is 'a bit off.' (On interest rate decisions) I don't know what the Federal Reserve is considering. A review of the Federal Reserve may lead to the establishment of a committee. The Bank of England has done a good job reviewing its past monetary policies. The frustration of the Federal Reserve's mission poses a risk to the independence of monetary policy. Trump has already said that he will not fire Powell. Economist El-Erian said Powell should resign, which is somewhat surprising. My regular meetings with Federal Reserve Chairman Powell are still ongoing. (On Bowman as a candidate for Federal Reserve Chairman) unwilling to disclose the names of candidates. Powell has not indicated that he will leave his board position. Since the global financial crisis, regulation has been too strict. Trump always has a plan, it just isn't always obvious. Trump created the greatest negotiating leverage on tariffs. The selection of Board member Kugler's successor is proceeding simultaneously. U.S. Treasury Secretary Basent (on Trump's tariff plan) The market's response is relatively calm.
U.S. Treasury Secretary Basent also stated: He believes regional banks have strong competitors for the Federal Reserve Chairman position.