特朗普掌控美联储的“三步法”：换掉鲍威尔、掌控理事会、开掉地方联储主席

Core Viewpoint - The article discusses the increasing pressure from former President Trump on the Federal Reserve, particularly targeting its board members, which could fundamentally reshape the structure and independence of the Fed [1][3][4]. Group 1: Security and Atmosphere at Jackson Hole - This year's Jackson Hole symposium saw heightened security measures, contrasting sharply with previous years, indicating the tense atmosphere surrounding the Federal Reserve [2][4]. - Law enforcement presence included federal police and local sheriff's deputies, reflecting the seriousness of the situation [2]. Group 2: Trump's Pressure on the Federal Reserve - Trump's pressure has escalated from targeting Fed Chair Powell to directly threatening board member Lisa Cook, indicating a more aggressive stance [3][4]. - Trump has publicly stated that if Cook does not resign due to mortgage fraud allegations, he will fire her, showcasing his intent to influence the Fed's decision-making [2][3]. Group 3: Potential Restructuring of the Federal Reserve - If Trump secures two more nominations to the Fed's board, he would gain a majority, potentially allowing him to reshape the Fed's structure significantly [1][3]. - A key strategy could involve dismissing the 12 regional bank presidents, which would undermine the independence established since the Fed's inception in 1913 [1][5]. Group 4: Historical Context and Implications - Historical lessons from the 1970s highlight the dangers of political pressure on the Fed, which led to policy mistakes and severe inflation, emphasizing the importance of the Fed's independence [8]. - If investor confidence in the Fed's data-driven decision-making erodes due to political influence, it could negatively impact borrowing costs and currency stability [8].