As a researcher with a background in finance and politics, I have closely followed the developments in the ongoing race for the U.S. Presidency, particularly in relation to the potential appointments of key economic roles, such as the Treasury Secretary. The recent speculation surrounding Larry Fink, CEO of BlackRock, being considered for the position by former President Donald Trump has piqued my interest due to my previous experience with both men’s companies.
If Donald Trump wins the presidency of the United States, it could seem surprising that BlackRock CEO Larry Fink is among the contenders for the position of Treasury Secretary.
BlackRock CEO or JPMorgan Boss
As an analyst, I’ve been following the ongoing rumors regarding Trump’s potential pick for Treasury Secretary. While some speculate that Trump might consider Fink, head of BlackRock, the leading contender appears to be Jamie Dimon, CEO of JPMorgan Chase. According to Eleanor Terrett from FOX Business, Trump is indeed leaning towards Dimon. This alignment with previous statements made by Trump bolsters the credibility of this report.
Trump initially chose JD Vance, a Bitcoin supporter, as his vice president a few days prior. Subsequently, there were rumors that Trump was contemplating appointing Jamie Dimon, the CEO of JPMorgan Chase, as the US Treasury Secretary. However, some crypto advocates argued that it is actually Dimon whom Trump holds in high regard and frequently communicates with. Trump and Dimon’s company, BlackRock, already have an established relationship.
For an extended period, Trump’s financial portfolio was overseen by the investment management firm, which also included his funds in BlackRock Obsidian Fund – a global hedge fund focusing on fixed income multi-strategy. This could indicate that Trump might be seriously considering the Bitcoin-friendly CEO of BlackRock for the post of Treasury Secretary.
Simultaneously, he disclosed his intentions not to dismiss Jerome Powell as the U.S. Federal Reserve Chair prior to the expiration of his tenure. The selection of Fink could bring comfort to Bitcoin supporters and the crypto market, who had expressed apprehension over the potential appointment of known Bitcoin critic Jamie Dimon.
Biggest Trump Rival Steps Out of Race
The debate about who will challenge Trump in the 2024 elections continues, but a notable contender has withdrawn from the competition. Joe Biden made it official: he won’t be running for re-election, putting an end to rumors that had circulated for weeks.
In his letter, he emphasized some noteworthy accomplishments of America during his time in office. He acknowledged that it would benefit his political party for him to resign.
He swiftly threw his support behind Vice President Kamala Harris for the Democratic nomination in the forthcoming elections, to the dismay of some who believed Hillary Clinton would secure the position instead.
If Harris hasn’t been officially endorsed by the Democrats yet, she could potentially become Trump’s next political rival.
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2024-07-22 00:14