[Powell Resignation Rumors Unconfirmed, Scheduled to Speak This Tuesday]
On December 1, market rumors suggested that Federal Reserve Chair Jerome Powell would announce his resignation during an emergency meeting at 7 PM Eastern Time on Monday. However, this information has only circulated on social media, has not been reported by mainstream media, and has not been confirmed by any official sources or the Federal Reserve. Powell is scheduled to deliver a speech at 9:00 AM (UTC+8) this Tuesday during a commemorative event, with the specific topic yet to be disclosed. President Trump stated this morning that he has decided on the next Federal Reserve Chair and will announce it soon. Kevin Hassett, Director of the White House National Economic Council, is considered a leading candidate, but Hassett has not commented on the related rumors.