Former US Treasury Secretary: Trump angrily criticizes Powell for just throwing the blame, the next Fed chairman will still choose the 'mainstream'

律动BlockBeats|Jun 21, 2025 01:35
BlockBeats News: On June 21st, former US Treasury Secretary Summers pointed out that Trump's frequent attacks on Federal Reserve Chairman Powell's refusal to cut interest rates are actually setting a "scapegoat" for future economic downturns, attempting to shift the responsibility onto the Federal Reserve rather than its own policies. Despite Trump's high-profile pressure, Summers predicts that he will ultimately nominate respected 'mainstream' individuals to replace Powell in order to avoid market turbulence. (Observations from Wall Street)
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