Rumors of Powell's resignation resurfacing? He will give a speech on Tuesday morning.

On December 1st, according to market news, overseas markets reported last night that Fed Chairman Powell will announce his resignation at an emergency meeting scheduled for 7 PM Eastern Time on Monday. However, this rumor is only circulating on social media and has not been reported by mainstream media, with no official channels or the Fed itself providing any evidence to support this claim. On Tuesday at 9:00 AM, Fed Chairman Powell is expected to give a speech at a commemorative event, but the specific topic of his speech has not been disclosed. Notably, Trump stated this morning, “I know who I want to choose as the Fed chairman, and I will announce it soon.” Currently, White House National Economic Council Director Kevin Hassett is a leading candidate for Fed chairman. Hassett declined to comment on whether he is the frontrunner to succeed Fed Chairman Powell when he appeared on CBS's “Face the Nation” last Sunday, but he referred to relevant reports from Bloomberg News as “rumors.”