TMGM：德银报告析鲍威尔卸任主席后留任理事的可能性？

Core Viewpoint - The announcement by President Trump regarding the nomination of a successor to Federal Reserve Chairman Jerome Powell has intensified market focus on the future direction of the Federal Reserve [1] Group 1: Powell's Potential Continuation - Analyst Jim Reid from Deutsche Bank suggests that even if Powell's term as chairman ends, he may still choose to remain as a Federal Reserve governor, a scenario that has historical precedents [1][2] - Powell's term as a governor extends until January 2028, which is beyond his chairmanship term ending in May 2026, allowing him the legal right to continue serving [1][2] - Historical examples include Charles Hamlin, who served as a governor for 20 years after stepping down as chairman, and Marriner Eccles, who remained a governor after being replaced as chairman, both highlighting a commitment to the Federal Reserve's mission [2][3] Group 2: Market Sentiment and Federal Reserve Independence - Wall Street is currently highly focused on the independence of the Federal Reserve, especially following recent market volatility and the upcoming nomination of Powell's successor [4] - The S&P 500 index has maintained a double-digit increase for the year, reflecting investor reliance on Federal Reserve policies and the institution's significant role in the global financial system [4] - As the nomination approaches, the market will closely monitor the implications of the new chairman on monetary policy and market stability [4]