美联储风暴来袭，总统与央行的较量，华盛顿权力斗争升温

Core Viewpoint - The escalating tension between President Trump and Federal Reserve Chairman Jerome Powell highlights a significant power struggle that reflects deep divisions within the U.S. regarding monetary policy and economic governance, potentially posing risks to the global financial system [1][3][4]. Group 1: Political Dynamics - Trump's public criticism of Powell centers on the costly renovation of the Federal Reserve's headquarters, which he labels as "severe mismanagement," indicating a broader political offensive against the Fed [3]. - The former president has called for an unprecedented 3 percentage point cut in interest rates, a move typically reserved for extreme economic crises, challenging the Fed's independence [3][4]. - Trump's actions suggest an attempt to undermine the Fed's autonomy by seeking a successor to Powell who would align more closely with presidential directives, threatening the institution's role as a stabilizer in the market [8]. Group 2: Economic Implications - Powell's refusal to lower interest rates stems from concerns that Trump's trade policies could lead to soaring inflation, advocating for maintaining higher rates until economic conditions improve [4]. - The ongoing power struggle between the U.S. government and the central bank raises concerns about potential impacts on financial markets and economic expectations, with the possibility of increased volatility in asset prices and capital flows [6][8]. - Economists express worry that undermining the Fed's credibility could lead to significant fluctuations in interest rate expectations, further destabilizing the financial system and clouding the economic recovery [6][8]. Group 3: Institutional Integrity - The conflict underscores a fundamental challenge to the Fed's independence, which is crucial for avoiding politically motivated monetary policy errors and ensuring economic stability [3][4]. - Trump's push for a shadow leadership within the Fed disrupts the traditional continuity of policy-making, increasing uncertainty and potentially harming long-term economic health [8]. - The tension between the government and the central bank, particularly in the context of the U.S. as the world's largest economy, raises alarms about the broader implications for global financial stability and economic growth [8].