律动BlockBeats|Jul 06, 2026 13:04
[Opinion: Warsh Should Publicly Oppose Trump's Pressure on the Fed to Uphold Central Bank Independence]
BlockBeats News, July 6, Bloomberg columnist Jonathan Levin published an article stating that U.S. President Trump and his allies are persistently pushing to influence Federal Reserve decisions through personnel changes. This includes attempts to replace Federal Reserve Governor Lisa Cook and interfere in the selection of the Federal Reserve Bank of Atlanta president, aiming to expand the influence of White House supporters within the Federal Open Market Committee (FOMC). Levin believes that Kevin Warsh, considered a leading candidate for the next Federal Reserve Chair, should publicly oppose White House interference, support Jerome Powell and Cook in completing their terms, and demand that the White House withdraw from the selection process for regional Fed presidents. Otherwise, his future credibility as a leader of the Federal Reserve and his influence within the committee will be undermined. The independence of the Federal Reserve is crucial for maintaining stable inflation expectations and the credibility of monetary policy, and ongoing political interference could harm the macroeconomic stability of the United States. [Original Article Link]
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