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Recent news shows that former U.S. President Trump's government team is actively looking for a successor to the Fed chair, and the list of candidates has expanded to 11 people. This list includes not only the previously public candidates but also three newly prominent figures from the financial sector.
The three new candidates are: David Zervos, Chief Market Strategist at Jefferies, Larry Lindsey, former Fed governor, and Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock. Their addition makes this selection process even more noteworthy.
This news has sparked widespread follow in the financial markets, as the choice of the Fed chair will directly affect the direction of monetary policy in the United States and globally. The current Fed chair Powell's term is about to end, and the selection of the new chair will have a significant impact on the formulation of future economic policies.
As the list of candidates expands, expectations for the new Fed chair also rise. Different candidates may bring different policy inclinations, which will undoubtedly have a profound impact on the financial markets. Market participants are closely following this personnel change to assess its potential impact on the future direction of the economy.
It is worth noting that the final candidates will still need to go through a rigorous selection and review process. Regardless of who is ultimately elected, the new Fed chair will face a complex economic environment and daunting policy challenges.