Beiset: Several candidates for the Federal Reserve Chairmanship are also expected to become directors.

On Monday, U.S. Treasury Secretary Steven Mnuchin told Semafor that the "several" candidates for Federal Reserve Chairman are also candidates to fill the two vacant seats on the central bank's board of governors. When asked about the market's reaction to President Trump's efforts to dismiss Fed Governor Powell, Mnuchin said that the bond and currency markets remained "calm." Mnuchin said that he and Trump have "discussed in detail what kind of candidates they should be and their qualifications," adding that Trump has "great respect for the Federal Reserve."