美联储首次回应特朗普解雇理事库克，特朗普：已有人选接替

Core Viewpoint - The independence of the Federal Reserve is facing unprecedented challenges due to President Trump's actions, including the dismissal of Federal Reserve Governor Lisa Cook, which has raised concerns about political interference in monetary policy [1][4][16]. Group 1: Federal Reserve's Response - The Federal Reserve stated that the law protects the long-term terms of its governors and that the President can only dismiss them for just cause, ensuring that monetary policy decisions are based on data and the long-term interests of the American people [4]. - Cook's legal team announced plans to seek judicial review of her dismissal, and the Federal Reserve will comply with any court rulings [4] Group 2: Trump's Position and Actions - Trump expressed his intention to fight the legal challenge posed by Cook and indicated he has candidates in mind to replace her, specifically mentioning Stephen Moore and David Malpass [6]. - Trump's actions are seen as part of a systematic intervention in the Federal Reserve, having previously appointed allies and criticized current policies [8][16]. Group 3: Historical Context and Implications - Historically, no Federal Reserve governor has been dismissed by a president, and while the president has the authority to do so, it is limited by the requirement of substantial evidence of misconduct [9]. - The potential dismissal of Cook could give Trump a majority on the Federal Reserve Board, which may lead to increased political influence over monetary policy decisions [16]. Group 4: Market Reactions and Economic Implications - Following Trump's threats, there was a limited decline in the dollar index, U.S. Treasury yields, and S&P 500 futures, indicating market sensitivity to the Federal Reserve's independence [11]. - Analysts suggest that if Trump's influence over the Federal Reserve increases, it could accelerate the pace of interest rate cuts, benefiting risk assets and commodities while creating uncertainty in policy direction [11][12]. Group 5: Future Considerations - The potential shift in the Federal Reserve's policy goals from dual mandates of price stability and employment growth to include political cycles could alter the landscape of U.S. monetary policy [17]. - The need for fiscal consolidation is emphasized as a means to support the Federal Reserve's efforts in controlling inflation, with the government facing a "quasi-war" fiscal state [13][16].