qinbafrank
qinbafrank|Jun 26, 2025 01:39
The Wall Street Journal said that Trump was considering announcing the candidate to succeed Powell as the chairman of the Federal Reserve as early as this summer or autumn, far earlier than the traditional three-month transition period. According to insiders, Trump has been considering selecting and announcing Powell's successor before September or October in recent weeks. His anger at Powell may lead him to announce his successor earlier this summer. Trump is increasingly dissatisfied with the Fed's position of prudent interest rate reduction, and hopes that by announcing his successor in advance, the "shadow chairman" will begin to influence market expectations and monetary policy trends before the end of Powell's term of office. Previously, it was discussed that as Powell's term shortens, the shadow chairman's say will become increasingly significant. My expectation is that as time goes on, when Powell's term is only half a year or even shorter, the power of the "shadow Fed chairman" will become increasingly powerful, and at this point, the market may have to care about what Powell says. Will this situation be further advanced?
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