BlackRock CEO Larry Fink For Treasury Secretary, What Are The Odds?
It might appear odd, but BlackRock CEO Larry Fink might emerge as Treasury Secretary if Donald Trump ends up as the President of the United States of America.
BlackRock CEO or JPMorgan Boss
There are speculations about Trump considering Fink for the position of Treasury Secretary. However, FOX Business reporter Eleanor Terrett noted that this was not the case as the Republican presidential nominee is expected to ask Jamie Dimon, JPMorgan CEO, to take the post. On one hand, Terrett is not far from reality as Trump has seized every opportunity to tout Dimon as his choice.
After picking pro-Bitcoin JD Vance as Vice President a few days ago, Trump considered bringing JPMorgan Chase CEO for the US Treasury Secretary role. However, some crypto proponents submitted that it is actually Fink that he respects and speaks to. Trump and Fink’s company BlackRock even have an existing relationship.
For many years, the investment asset management firm managed Trump’s financial portfolio. The presidential candidate even plunged his funds into BlackRock Obsidian Fund, described by the firm as “a global fixed income multi-strategy hedge fund.” Therefore, he may really be considering the Bitcoin friendly BlackRock CEO for the position of Treasury Secretary.
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At the same time, he revealed his plans to not oust the current U.S. Federal Reserve Chair Jerome Powell before his term ends. Choosing Fink might be a relief to Bitcoin maxis and crypto market who had earlier frowned at the prospect of having anti-Bitcoin Jamie Dimon on board.
Biggest Trump Rival Steps Out of Race
While this discussion is still ongoing, Trump’s biggest rival in the 2024 elections has dropped out of the race. Joe Biden officially announced he will not be seeking re-election, thereby, confirming several weeks of speculation.
In his letter, he highlighted a couple of the achievements that America has seen under his tenure. He noted that it was in the best interest of his party for him to step down.
Almost immediately, he endorsed U.S. Vice President Kamala Harris as the Democrats nominee for the upcoming elections. This was to the disappointment of many who felt Hillary Clinton would be the chosen one.
While Harris is yet to be approved by the Democratic Party, she may end up being Trump’s next competition.
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