- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
U.S. Treasury Secretary Benson: Powell should leave the Fed Board when he leaves the Fed in 2026
Odaily News U.S. Treasury Secretary Benson suggested that Federal Reserve Chairman Jerome Powell should step down from the Federal Reserve Board when his term as chairman ends in May 2026. Benson said on Tuesday: Traditionally, the Federal Reserve Chairman will also resign as a member of the board when he leaves office. There has been a lot of discussion about the shadow Fed Chairman, saying that it will cause confusion before the official nomination. I can clearly say that if the former Federal Reserve Chairman continues to serve on the board, it may be very confusing for the market. Powells term as a member of the Federal Reserve Board will not end until January 2028, which means that even if his term as chairman ends in May next year, he may still remain in the Federal Reserve and participate in monetary policy formulation. Powell has repeatedly avoided responding to whether he will continue to serve as a member of the board. This silence complicates the decision-making of President Trump and his aides when adjusting the leadership of the Federal Reserve next year. Benson also said: The formal process for determining the nomination of the next Federal Reserve Chairman has been initiated, and there are many excellent candidates both inside and outside the Federal Reserve. (Jin Shi)
You may also like
BankrCoin Achieves New Milestones as YZi Labs and ETH Investors Make Significant Moves
Key Takeaways BankrCoin (BNKR) hit a new all-time high with significant market activity. YZi Labs executed a major…
Bitcoin Tests $75K Amid Market Predictions
Key Takeaways Bitcoin shows a 47% chance to test the $75,000 mark this February, contrasting with a potential…
MrBeast Acquires Step to Enhance Financial Offerings for Youth
Key Takeaways YouTube star MrBeast has acquired the financial services platform Step through Beast Industries. The acquisition aims…
Polymarket Predicts Bitcoin Uptrend as MrBeast Ventures into Fintech
Key Takeaways Bitcoin’s Potential Surge: Polymarket denotes a fluctuating probability of Bitcoin achieving $75,000 in February, reflecting volatile…
MrBeast Enters Financial Services with Step Acquisition
Key Takeaways Binance announced an Alpha Airdrop event, highlighting the growing trend of gamified airdrops. Bitcoin prediction markets…
Analysts Predict Bitcoin May Fall to $55K as Support Levels Threaten
Key Takeaways Analysts suggest a potential drop of Bitcoin to $55K if current support levels are breached. Galaxy…
Analysts Predict Bitcoin May Drop to $55K Amid Support Challenges
Key Takeaways Experts caution that Bitcoin could fall to $55,000 if current support levels are breached. The market…
Bitcoin May Decline to $55K: Analysts Warn
Key Takeaways Analysts project Bitcoin could drop to $55,000 if key support levels fail. Technical analysts forecast that…
YZI Labs Transfers Massive ID Tokens to Binance as BNKR Hits New High
Key Takeaways BNKR, a digital currency, has achieved its highest-priced milestone of $0.295 CAD as of January 26,…
MrBeast Acquires Step, Expanding Influence in Teen Finance Market
Key Takeaways MrBeast has acquired the financial services app Step, which caters specifically to Gen Z users. Step…
Analysts Predict Bitcoin’s Critical Support Level May Trigger Decline
Key Takeaways Experts indicate a crucial moment for Bitcoin, with potential price drop to $55,000 if support fails.…
Michael Saylor Faces Bitcoin Valuation Challenges: Impact on the Crypto Market
Key Takeaways Michael Saylor’s Bitcoin investment is currently valued at $55 billion, but recent market trends have seen…
MrBeast Acquires Step FinTech App in Strategic Move
Key Takeaways MrBeast’s company, Beast Industries, has announced the acquisition of Step, a fintech app focused on Gen…
Bitcoin’s Potential Surge Sparks Debate Among Investors
Key Takeaways The probability that Bitcoin will reach $75,000 in February fluctuates as predicted by Polymarket. Bitcoin recently…
Analysts Predict Bitcoin’s Potential Plunge to $55K
Key Takeaways Analysts warn of a possible drop to $55K if Bitcoin’s current support breaks. 10X Research and…
Bitcoin’s Critical Threshold: The Significance of $55,000 USD
Key Takeaways Bitcoin’s value is set to rise from $55,000 to $99,000 if it maintains a growth cycle…
Analysts Predict Bitcoin Drop to $55K as Support Wavers
Key Takeaways Analysts caution that Bitcoin’s price could plummet to $55K if current support levels fail. Galaxy Digital’s…
MrBeast Acquires Step, Expanding Fintech Influence
Key Takeaways MrBeast’s company, Beast Industries, has acquired the Gen Z-focused fintech app Step, which targets teens with…
BankrCoin Achieves New Milestones as YZi Labs and ETH Investors Make Significant Moves
Key Takeaways BankrCoin (BNKR) hit a new all-time high with significant market activity. YZi Labs executed a major…
Bitcoin Tests $75K Amid Market Predictions
Key Takeaways Bitcoin shows a 47% chance to test the $75,000 mark this February, contrasting with a potential…
MrBeast Acquires Step to Enhance Financial Offerings for Youth
Key Takeaways YouTube star MrBeast has acquired the financial services platform Step through Beast Industries. The acquisition aims…
Polymarket Predicts Bitcoin Uptrend as MrBeast Ventures into Fintech
Key Takeaways Bitcoin’s Potential Surge: Polymarket denotes a fluctuating probability of Bitcoin achieving $75,000 in February, reflecting volatile…
MrBeast Enters Financial Services with Step Acquisition
Key Takeaways Binance announced an Alpha Airdrop event, highlighting the growing trend of gamified airdrops. Bitcoin prediction markets…
Analysts Predict Bitcoin May Fall to $55K as Support Levels Threaten
Key Takeaways Analysts suggest a potential drop of Bitcoin to $55K if current support levels are breached. Galaxy…
App