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According to reliable sources, the U.S. Treasury is actively searching for new candidates for the Federal Reserve Chair. Meanwhile, the Trump administration has decided to expand the selection criteria to include more potential candidates. This move has attracted widespread attention from the market.
Latest news shows that former St. Louis Federal Reserve Bank President James Bullard and Mark Souderlin, who served as an advisor in the George W. Bush administration, have been added to the candidate list. The inclusion of these two new candidates adds new variables to the selection of the Federal Reserve Chair.
The expansion of the scope of this screening reflects the government's desire to introduce new ideas and perspectives in the formulation of monetary policy. Bullard is known for his reputation in the field of economics and extensive central banking experience, while Sumner is renowned for his expertise in policy-making.
As the selection process deepens, the financial markets will closely monitor this development. The choice of the new Federal Reserve Chair is not only related to the direction of U.S. monetary policy but will also have far-reaching effects on the global economy. There is a general consensus that the determination of this candidate will be an important turning point for U.S. economic policy.