美联储主席候选人沃什：美联储应与财政部合作以降低借贷成本

Core Viewpoint - Kevin Warsh calls for a comprehensive reform of the Federal Reserve's operations and suggests a policy alliance with the Treasury Department, indicating a significant shift in monetary policy approach [1][2]. Group 1: Federal Reserve Leadership and Policy - Warsh criticizes the current Federal Reserve officials, particularly Chairman Jerome Powell, for their credibility issues and failure to lower interest rates, which aligns with President Trump's demands [1][2]. - There is speculation about Trump's potential actions regarding Powell's position, with discussions among Republican lawmakers about possibly dismissing him [2][3]. - Warsh believes that the Federal Reserve's mechanism change is inevitable and emphasizes the need for a new "Treasury-Fed agreement" to manage national debt issuance effectively [3]. Group 2: Interest Rates and Economic Policy - Warsh argues that the delay in interest rate cuts is a significant flaw and that public pressure from the President on the Federal Reserve is justified [2][3]. - He supports the current policy of quantitative tightening but insists on collaboration between the Federal Reserve and the Treasury to lower borrowing costs [3]. - The market anticipates that the Federal Reserve will maintain the benchmark interest rate at the end of July but may begin to cut rates in September [6].