Turning the Fed Chair Selection into "I Am a Singer"!

　　For investors, it might not be an exaggeration to compare the much-hyped selection process for the next Federal Reserve Chair over the past few months to a lively "talent show." From initially narrowing down to a handful of four or five hot candidates to the now-expanded list of 11 candidates, the White House has gone through quite a ordeal in choosing Powell's successor.

　　Clearly, this "talent show" broadcast live by the White House for market participants doesn’t seem to be ending anytime soon!

　　U.S. Treasury Secretary Besant最新 stated on Tuesday that he will begin meeting with 11 strong candidates around September 1 (Labor Day) to replace Fed Chair Powell, with the goal of narrowing down the list and submitting it to President Trump.

　　In an interview, Besant described these candidates as "an incredible pool of talent" and expressed his anticipation to meet with them one by one with an open mind. "I will meet with them around Labor Day and then start narrowing down the list to submit to President Trump."

　　However, many industry experts seem to see deeper implications and intentions behind the U.S. government's approach: this process is likely just a "performance" by officials to pressure the Federal Reserve Board into cutting interest rates.

　　It is worth noting that the current list of 11 candidates now includes a large number of current and former Fed officials, far exceeding the rumored four or five Trump-loyal candidates who were said to be in the running over the past few months. Expanding the consideration range may give government officials an opportunity to privately convey their views to some Fed officials: now is the time to cut interest rates...

　　The initial potential contenders for the chair position included Fed Governors Bowman and Waller, White House National Economic Council Director Kevin Hassett, and former Fed Governor Kevin Warsh. These four have long been regarded as the frontrunners most likely to succeed the Fed, with the two "Kevins" seen as particularly close to Trump.