Rumors of Federal Reserve Chairman Powell's Resignation circulate online?! Fake news! This morning, a baseless rumor about Powell's resignation surfaced. It's circulated countless times every year, yet people still spread this fake news, polluting the information landscape. He has repeatedly stated that he will not resign voluntarily and will serve his full term, which means next May. Interest rates have already been cut; what would resigning now mean? Trump has stated that a new Federal Reserve Chairman has been chosen. When a reporter asked if it was Hassett, Trump laughed and said he wouldn't tell. Hassett himself has expressed his willingness to take over, so not only will there be a rate cut in December, but there will likely be three rate cuts next year as well. The market is currently in a state of panic, but a further rate cut in December is already a consensus. The expectation of a rate hike in Japan will also be quickly digested. Let's wait and see how things develop.