BlockBeats News, December 1st. According to market sources, yesterday evening, an overseas market rumor claimed that Federal Reserve Chair Jerome Powell would announce his resignation at an emergency meeting scheduled for Monday at 7 p.m. Eastern Time. However, this rumor has only circulated on social media and has not been reported by mainstream media. There is currently no official confirmation from any authoritative source or the Federal Reserve itself to support this claim.
On Tuesday at 9:00 a.m., Federal Reserve Chair Powell is set to speak at a commemorative event, although the specific topic of his speech has not been disclosed. Of note, President Trump made remarks this morning stating, “I know who I am going to nominate as Federal Reserve Chairman. I will be making the decision soon.” Currently, Kevin Hassett, the Director of the White House National Economic Council, is a leading candidate for Federal Reserve Chair.
During his appearance on CBS’ Face the Nation program last Sunday, Hassett declined to comment on whether he is the frontrunner to succeed Federal Reserve Chair Powell, referring to Bloomberg’s related report as a “rumor.”
