特朗普鲍威尔再起冲突！美联储主席去留引发白宫与华尔街角力

Core Viewpoint - The article discusses the power struggle between the White House and Federal Reserve Chairman Jerome Powell, triggered by a $2.5 billion renovation project at the Fed's headquarters, leading to significant volatility in global financial markets [3][5][11]. Group 1: Power Transition and Succession - Powell's term ends in May 2026, and the White House has begun planning for a transition, with potential successors including Kevin Hassett, Kevin Warsh, and others, indicating a strategy to diminish Powell's influence during his remaining term [5][9]. - Trump's intention to announce Powell's successor by September or October aims to weaken Powell's authority [5]. Group 2: Legal Implications of Dismissal - Legal experts assert that Trump can only dismiss Powell under specific conditions, such as inefficiency or misconduct, which do not include policy disagreements [7][9]. - Historical precedents suggest that Trump's attempts to dismiss Powell would face significant legal challenges [7]. Group 3: White House's Dual Strategy - Trump has publicly expressed dissatisfaction with Powell, suggesting he should resign, while advisors claim the renovation cost overruns could justify a dismissal [9][10]. - The White House has criticized the renovation as extravagant, comparing the Fed's headquarters to the Palace of Versailles, which has been widely circulated among officials [9]. Group 4: Monetary Policy Discrepancies - The conflict between Trump and Powell stems from differing monetary policy views, with Trump advocating for aggressive rate cuts to stimulate the economy, while Powell focuses on controlling inflation [10][11]. - Economic indicators show declining consumer confidence and rising inflation expectations, exacerbating tensions between the two leaders [10]. Group 5: Market Reactions and Global Impact - Trump's threats have caused significant market volatility, with investors seeking safe-haven assets due to concerns over the Fed's independence [11][12]. - The ongoing power struggle may lead to increased global economic uncertainty and potential capital outflows [11]. Group 6: Institutional vs. Personal Conflict - The power struggle represents a challenge to the fundamental principle of central bank independence, with Powell's firm stance rooted in historical legal precedents [12]. - Trump's potential strategies to exert pressure on the Fed may face bipartisan resistance, complicating the situation further [12].