Group 1 - U.S. Treasury Secretary Becerra expressed optimism about the possibility of a 50 basis point rate cut by the Federal Reserve in September [2] - Becerra indicated that the Fed's rates should be 150 to 175 basis points lower than current levels, suggesting that the Fed should have cut rates earlier if the data were accurate [2] - The entire U.S. Treasury yield curve may shift downward, with the 10-year Treasury yield reflecting the credibility of the U.S. Treasury and the Federal Reserve [2] Group 2 - Trump is considering 11 candidates for the Federal Reserve Chair position, including previously undisclosed candidates such as David Zervos, Larry Lindsey, and Rick Rieder [3] - Other candidates include current Fed officials and former economic advisors, with Becerra set to interview all candidates and submit a final list to the President [3] - The longer the selection process takes, the less likely it is that the so-called "shadow Fed Chair" will be appointed before Powell's term ends, which could disrupt monetary policy [3]