U.S. Treasury Secretary Discusses Upcoming Trade Announcements During Trump's Asia Visit

According to PANews, U.S. Treasury Secretary Besent has announced plans to release trade announcements during U.S. President Donald Trump's upcoming visit to Asia. Besent indicated that he might travel to Asia ahead of Trump. The next round of interviews for the Federal Reserve Chair will be scheduled after the Asia trip, with three to four candidates expected to be considered by President Trump. The sole criterion for the Federal Reserve Chair is an 'open mind.' After Thanksgiving, in December, three to four candidates will be recommended to Trump for interviews. Trump will consider opinions from dozens of individuals regarding the selection of the Federal Reserve Chair, who must symbolize monetary policy and possess exceptional management skills.Besent also commented on the surge in gold prices, noting that buyers currently outnumber sellers. The narrowing U.S. trade deficit is expected to support the dollar. He compared the current period of U.S. economic growth to the late 19th century or the 1990s.On Wednesday, Besent mentioned that the U.S. is close to reaching a trade agreement with South Korea. He also stated that the U.S. fiscal deficit as a percentage of GDP has room to decrease, potentially falling to the 3% range.