The Trump team is conspiring on a major issue - selecting the next Chairman of the Federal Reserve! Just saw the news that Kevin Hassett, the Director of the White House National Economic Council, revealed that Trump is working closely with Treasury Secretary Mnuchin to sift through the list of candidates.

This is not simple, after all, the current Chairman Powell's relationship with Trump is practically hostile. Recently, the Federal Reserve insisted on not lowering interest rates, which angered Trump, prompting him to lash out on social media, calling Powell a "stubborn fool" and even threatening to have the Federal Reserve Board "usurped". Now, with Powell's term ending in May next year, Trump can finally replace him with justification.

According to internal sources, there are several hot candidates currently on the list: former Federal Reserve Governor Kevin Warsh, current Federal Reserve Governor Chris Waller, and Hassett himself. Interestingly, Treasury Secretary Mnuchin is also rumored to possibly "transfer" to the Federal Reserve, although the White House has denied this claim.

Hassett revealed that the Trump administration plans to announce the final candidate by the end of this year. It seems that Powell doesn't have much time left. However, the question remains, once the new chairman takes office, can they really cut rates significantly as Trump hopes? After all, the independence of the Federal Reserve is not just for show.

This personnel change could trigger fluctuations in the financial markets, as who becomes the Chairman of the Federal Reserve directly influences global monetary policy direction. Let's just wait and see who Trump ultimately chooses to be this "economic leader".