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The first day of December! plummet market is washing my face 🤧🤧
Everything stems from a "tip-off": Federal Reserve Chairman Powell will announce his resignation at an emergency meeting scheduled for Monday at 7 PM Eastern Time, triggering a surge in market risk aversion.
According to verification, Federal Reserve Chairman Powell will indeed deliver a speech at a commemorative event this Tuesday at 9:00 AM (Beijing time), although the specific topic of the speech has not yet been disclosed. Notably, Trump stated this morning that he will soon announce his next nominee for the Federal Reserve Chairman.
Currently, the leading candidate for the Federal Reserve Chairman is Kevin Hassett, the Director of the White House Council of Economic Advisers.