效仿前主席埃克尔斯？德银：鲍威尔卸任后或留任理事 以捍卫美联储独立性

Group 1 - The core focus of the article is the potential continuation of Jerome Powell's role at the Federal Reserve after his term as Chairman ends in May 2026, as he may choose to remain as a board member until January 2028 [1] - Deutsche Bank analysts highlight that while it is traditionally believed that a Federal Reserve Chairman will fully step down after their term, there is no legal requirement for this, allowing Powell the option to stay on [1] - Historical precedents are provided, noting that only two former Federal Reserve Chairmen have remained in their roles as board members after their chairmanship, which could inform Powell's decision [3] Group 2 - The first historical example mentioned is Charles Hamlin, who served as the first Chairman of the Federal Reserve and remained a board member for twenty years after his term ended in 1916 [3] - The second example is Marriner Eccles, who, after being ousted as Chairman in 1948, chose to stay on as a board member to protect the independence of the central bank [3] - The article suggests that Powell may face a similar situation in 2026, where he might opt to retain his board position to maintain voting rights within the Federal Open Market Committee, depending on the political environment and the next Chairman's nomination [3] Group 3 - There is a significant focus on the independence of the Federal Reserve, especially in light of recent market volatility and the subsequent recovery, with the S&P 500 index maintaining a double-digit increase for the year [3]