PANews reported on January 30th that, according to Jinshi, Investec's chief economist, Philip Shaw, stated that strong rumors circulated overnight that Warsh would succeed him, and the relevant deal was essentially completed last night. The next step will be to assess Warsh's stance on key issues such as interest rates and the balance sheet. He pointed out that the US fiscal situation is on an unsustainable path, and Warsh's appointment does not mean that Trump will not intervene in the Federal Reserve or other areas of government operations. Although the risk of a weaker dollar has decreased somewhat after today's announcement, risks still exist.