Core Viewpoint - Former Federal Reserve Vice Chair Lael Brainard warns that multiple regional Fed presidents may be dismissed next year due to politically motivated actions by President Trump, which could disrupt the Fed's independence and monetary policy [1][5] Group 1: Federal Reserve Leadership Changes - Trump's recent dismissal of Fed Governor Cook opens the door for potential changes in the leadership of the Federal Reserve, allowing Trump to gain a majority on the seven-member Board of Governors [2] - Currently, there are two known dovish members on the Fed Board, Bowman and Waller, and Trump has nominated Stephen Miran to fill a vacant seat [2] Group 2: Terms and Voting Procedures - According to the Federal Reserve Act, regional Fed presidents serve five-year terms, with renewals subject to board votes and approval from the Fed Board [2] - The Fed Board plans to vote on the reappointment of the 12 regional Fed presidents in February 2026, with five regional presidents having voting rights on interest rates each year [2] Group 3: Inflation Risks - Trump has criticized Fed Chair Powell and his colleagues for not lowering interest rates this year, citing concerns that Trump's tariff policies could reignite inflation [3] Group 4: Pressure on Federal Reserve Independence - Brainard views Trump's attack on Cook as part of a broader effort to exert pressure on the Federal Reserve, which she describes as an unprecedented attack on the Fed's independence [4][5] - She warns that attempts to alter the voting majority of the Federal Open Market Committee could lead to higher inflation, decreased credibility, and potentially higher long-term interest rates, which would be detrimental to the economy [5]
特朗普掀罢免潮?前美联储副主席:多位地区联储主席或遭撤换
Feng Huang Wang·2025-08-27 03:57