KVB:特朗普再度炮轰鲍威尔！但下任美联储主席才是真正输家？

Core Viewpoint - President Trump has expressed strong criticism of current interest rates, claiming they are "at least 3 percentage points too high" and urging the Federal Reserve to lower rates [1][3] Group 1: Trump's Criticism of the Federal Reserve - Trump has accused Fed Chairman Powell of causing an additional annual refinancing cost of $360 billion for the U.S. [1] - He has repeatedly pressured Powell to lower rates by at least 1 percentage point, contrasting with the Fed's current rate of 4.25%-4.50% [3] - Trump's insistence on rate cuts is linked to reducing government debt servicing costs, believing that a significant rate reduction could save taxpayers approximately $800 billion [4] Group 2: Impact on Federal Reserve's Independence - Trump's actions have raised concerns about the Fed's independence, with discussions around the potential loss of credibility and the emergence of a "fiscal-led era" [4] - The next Fed chair may face skepticism regarding their integrity and the potential for political influence over monetary policy decisions [5] - The idea of appointing a "shadow chairman" to exert pressure on the Fed has been proposed, which could undermine Powell's authority and complicate the Fed's decision-making process [5][6] Group 3: Challenges for the Next Fed Chair - The next chair will likely be viewed as someone who may be expected to follow Trump's directives, which could damage their credibility [5] - Finding a candidate willing to take on the role of "shadow chairman" poses significant challenges, as it could harm their reputation and lead to undesirable outcomes [6] - The ongoing political pressure from Trump complicates the Fed's ability to maintain its traditional non-political stance, creating uncertainty in financial markets [6]