Group 1: Federal Reserve Chair Candidates - The U.S. Treasury Secretary Bessent announced that he will submit a list of candidates for the Federal Reserve Chair to President Trump, with 11 "very strong" candidates currently identified [2] - Interviews for these candidates will begin next month, and three to four finalists will be recommended to Trump [2] - Bessent criticized the Federal Reserve for deviating from its core monetary policy goals since 2008, emphasizing the need to return to its primary mission [2] Group 2: Internal Review of the Federal Reserve - Bessent called for an internal review of the Federal Reserve following the dismissal of Governor Lisa Cook, suggesting that the allegations of mortgage fraud against her should be included in the review [3] - He expressed that if a Federal Reserve official is guilty of mortgage fraud, they should not hold a position in a major financial regulatory body [3] - The dismissal of Cook by Trump has been described as "unprecedented," and Cook has stated she will continue her duties and seek legal action against the dismissal [3][4] Group 3: Government Investment in Technology Companies - Bessent clarified that the U.S. government has no plans to invest in Nvidia, stating that the company does not require financial support [5] - In contrast, the government has agreed to invest $8.9 billion in Intel, acquiring a 9.9% stake in the company [5] - The funding for Intel's investment comes from previously allocated subsidies under the CHIPS and Science Act [5][6] Group 4: Trade and Tariff Negotiations - Bessent acknowledged that negotiations regarding tariffs are flexible, with Canada willing to join secondary tariffs [7] - He mentioned that the U.S. is not concerned about India's currency becoming a reserve currency and expects a consensus to be reached with India on tariff issues [7] - Bessent also provided updates on the IPO progress for Fannie Mae and Freddie Mac, indicating that major banks will be involved in the stock issuance process [7]
美联储,大消息!