美联储“基因”要变？比换主席更深的改革信号

Group 1 - The U.S. Treasury Secretary, Becerra, suggests a comprehensive review of the Federal Reserve's operations, questioning its effectiveness in fulfilling its responsibilities [1] - Becerra's comments may be aimed at pressuring the Federal Reserve to accelerate interest rate cuts, similar to the ongoing demands from Trump [1] - The potential changes in the Federal Reserve's operational logic could have a more lasting impact than merely dismissing the current chair [1] Group 2 - The Federal Open Market Committee (FOMC) consists of seven Federal Reserve governors and five regional bank presidents, with the chair and vice-chair elected annually [2] - Changing the structure of the Federal Reserve requires Congressional approval, which may be a lengthy process due to cautious attitudes among many Republicans [2] - Tim Duy from SGH Macro Advisors notes that to significantly alter the Federal Reserve's direction, the White House would need more FOMC seats to gain sufficient voting power [2] Group 3 - If the Trump administration cannot secure more seats on the FOMC, it may attempt to change the Federal Reserve's "genetics" through a major review of its thinking, forecasting models, and communication methods [3] - Kevin Warsh, a potential candidate for the next Federal Reserve chair, is critical of traditional Federal Reserve analysis and believes there is room for interest rate cuts [3] - The Trump administration appears to aim for low interest rate policies while managing the maturity of U.S. debt, potentially collaborating with the Federal Reserve to control the yield curve [3]