CoinVoice has learned that, according to Jinshi's report, according to informed sources, U.S. President-elect Trump has proposed to select financier Kevin Warsh as his treasury secretary, but one understanding is that when Jerome Powell's term as chairman of the Federal Reserve ends in 2026, Warsh may be nominated to lead the Fed.

Some insiders said that Trump discussed possible arrangements with Warsh at his private club, Mar-a-Lago, in Florida on Wednesday. Warsh is a popular candidate to lead the Treasury Department, but as of Thursday evening, Trump has not yet decided who will be chosen for this key cabinet position. Insiders familiar with the matter said that Trump is still weighing how to handle the vacancy of the Federal Reserve Chair position and may not make a final decision until Powell's term ends in May 2026.

Some people say that Trump is considering appointing investor Scott Bessent to lead the National Economic Council if Warsh becomes Fed chairman, and Bessent will be nominated as Treasury Secretary later in his term. [Original link]