U.S. Treasury Secretary Mnuchin has made a statement, saying they have already started looking for a new person for the Federal Reserve Chairman position!

Everyone knows that the Federal Reserve Chairman is a big official who controls the U.S. money supply. Whoever sits in this position affects the mortgage rates, prices, and other aspects of ordinary people's lives. Mnuchin's statement indicates that the current chairman Powell may not last long, and the Trump administration is looking to replace him!

Two days ago, Trump specifically asked Mnuchin who should be the new Federal Reserve Chairman. Mnuchin directly responded that he prefers someone from the Treasury Department. What does this mean? It’s clear that he wants to put his own people in power! The Treasury Department and the Federal Reserve often compete against each other, and now that the Treasury Secretary has made this statement, it’s obvious that he wants someone from his own faction to control financial power.

In my opinion, these big officials competing with each other is just like how we compete for promotions and salary increases in our workplace, only they are playing on a much larger scale. The Trump administration has not stopped meddling with the Federal Reserve in recent years, and now they want to change personnel again. I wonder if the upcoming U.S. monetary policy will undergo significant changes. We ordinary people just hope that nothing strange happens, prices don’t rise too quickly, and our jobs remain unaffected.