Intel(US:INTC) Sou Hu Cai Jing·2025-08-27 23:57Core Points - The U.S. Treasury Secretary, Becerra, is preparing to submit a list of candidates for the Federal Reserve Chair to President Trump, criticizing the Fed as an irresponsible institution [1][2] - Becerra stated there are currently 11 strong candidates for the Fed Chair position, with interviews starting next month, and the final candidates will be recommended to Trump [2] - Becerra called for an internal review of the Federal Reserve following the dismissal of Fed Governor Lisa Cook, emphasizing the need to address allegations of mortgage fraud against her [3][4] Federal Reserve Chair Candidates - Becerra mentioned that the list includes 11 strong candidates, and interviews will begin next month [2] - He indicated that some candidates are known to Trump, but not all, and the final selection will be revealed in the fall [2] Federal Reserve's Monetary Policy - Becerra criticized the Fed for deviating from its core monetary policy goals of price stability and full employment since 2008 [2] - He emphasized the need for the Fed to return to its core mission without direct instructions from the White House [2] Internal Review of the Federal Reserve - Becerra encouraged Fed Chair Powell to conduct an internal review before any external investigation regarding Cook's alleged misconduct [3] - He expressed that if a Fed official is guilty of mortgage fraud, they should not hold a position in a major financial regulatory body [3] Dismissal of Lisa Cook - The dismissal of Lisa Cook by Trump has been described as unprecedented, with Cook asserting that Trump does not have the authority to fire her [3][4] - Cook's legal team announced plans to sue Trump over the dismissal [3][4] Government Investment in Technology Companies - Becerra clarified that the U.S. government has no plans to invest in Nvidia, stating the company does not require financial support [5] - He mentioned that the government is more likely to intervene in industries like shipbuilding [5] Intel Investment Agreement - The U.S. government has agreed to invest $8.9 billion in Intel, acquiring a 9.9% stake in the company [5] - This investment is part of the funding from the CHIPS and Science Act, which has allocated a total of $38 billion for grants [6] Trade and Tariff Negotiations - Becerra acknowledged the unpredictability of trade and tariff negotiations, mentioning Canada's willingness to join secondary tariffs [7] - He commented on the ongoing tariff discussions between the U.S. and India, suggesting that many of India's actions are performative [7]