Powell Resignation Rumor Surfacing Again? Will Deliver Speech Tuesday Morning

BlockBeats News, December 1st. According to market news, last night, the overseas market's "small memo" stated that Federal Reserve Chairman Powell will announce his resignation at an emergency meeting to be held at 7 p.m. Eastern Time on Monday. However, this "small memo" is only circulating on social media and has not been reported by mainstream media. There is currently no official channel or evidence from the Fed itself to support this claim.

On Tuesday at 9:00, Federal Reserve Chairman Powell will deliver a speech at a commemorative event, and the specific topic of the speech has not yet been disclosed. It is worth noting that this morning, Trump stated, "I know who I will choose as Federal Reserve Chairman, and I will announce it soon." Currently, Kevin Hassett, the Director of the White House National Economic Council, is a leading candidate for Federal Reserve Chairman.

When Hassett appeared on CBS's "Face the Nation" last Sunday, he refused to comment on whether he is the front-runner to succeed Federal Reserve Chairman Powell, but he referred to Bloomberg's related reports as "rumors."