Internet reports that on July 3 local time, U.S. Treasury Secretary Bessant said that there are many outstanding candidates for the chairman of the Federal Reserve and that the work will begin in the fall. Earlier, according to a report by the Wall Street Journal on June 25, US President Trump was considering early nomination of the next chairman of the Federal Reserve to weaken the influence of current chairman Powell. Powell currently has 11 months left in his term as chairman of the Federal Reserve. People familiar with the matter said Trump is considering selecting and announcing Powell's successor before September or October,"and Trump's anger at Powell may lead him to announce his successor earlier sometime this summer." Trump considers former Federal Reserve Governor Kevin Walsh and White House National Economic Council Director Kevin Hassett. In addition, people familiar with the matter revealed that Treasury Secretary Bessant was recommended as a potential candidate; other contenders include former World Bank President Malpass and Federal Reserve Governor Christopher Waller.