Viewpoint: Trump May Announce New Fed Chair Tonight

BlockBeats News, January 28th: During a speech in Iowa on Tuesday, U.S. President Trump stated, "I will soon announce the Federal Reserve Chairman nominee." How soon is "soon"? Speculation in the market is intensifying.

Market analyst Ghiles Guezout suggested that this announcement could come as early as today. According to multiple news reports in recent weeks, Trump has said he "has" made a decision on Powell's successor.

Financial website Investinglive analyst Eamonn Sheridan also suggested that Trump's official announcement may be deliberately scheduled during the Fed's January policy meeting, with a strategic intent. If the Fed does not cut interest rates this time, announcing the Fed chair nominee during the meeting will allow the White House to influence policy direction. The Fed's FOMC will announce its interest rate decision at 03:00 a.m. on Thursday Beijing time. (FX678)