The U.S. Treasury Department has initiated the search for the next Chairman of the Federal Reserve (FED).

According to Gate News bot, Jin10 reported that U.S. Treasury Secretary Yellen stated on June 30 that the Treasury will begin looking for a successor to Federal Reserve Chairman Powell in the coming weeks to months. This move signals that the leadership of U.S. monetary policy may be about to undergo changes, raising market attention on the future direction of economic policy.