🚨 🇺🇸 According to market analyst Gabriel Rubin, the strict control of U.S. Treasury Secretary Becent over the selection process for the next Federal Reserve chairman means that no matter who gets the position, the U.S. Treasury Secretary will have substantial control over the Federal Reserve. According to the government's statement, the selection criteria set by Bescent for Powell's successor are clear: any regulatory program must be compliant with the White House; interest rates should be significantly reduced because concerns about inflation caused by tariffs are exaggerated; the issuance and management of public debt should be the responsibility of the Treasury, not the Federal Reserve. Gabriel Rubin believes that the United States will face another economic or financial crisis sooner or later. A Federal Reserve whose independence is compromised means that when a crisis occurs, more power will be concentrated in the hands of the government. Central banks need the trust and recognition of the public to control inflation and ensure the health of credit. And the Treasury Department of the Trump administration cannot provide that.
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