Core Viewpoint - The Trump administration is considering changes to the selection process of regional Federal Reserve Bank presidents, which could impact the Federal Reserve's decision-making structure [1] Group 1 - The potential removal of Federal Reserve Governor Cook could allow Trump to gain a majority on the seven-member Federal Reserve Board if upheld in court [1] - The Federal Open Market Committee (FOMC), responsible for setting interest rates, includes five regional Fed presidents who are not nominated by the White House and do not require Senate confirmation [1] - Concerns among regional Fed presidents have increased following Trump's recent statements, leading to discussions about the implications of Cook's potential dismissal [1] Group 2 - The administration's goal is not to make the central bank more dovish but to review how regional presidents are selected, given their lack of Senate confirmation [1]

Core Viewpoint - The statement from the White House Economic Council Director, Lael Brainard, describes the current situation as an unprecedented attack on the Federal Reserve [1] Group 1 - The comments highlight the significant pressure being placed on the Federal Reserve amid economic challenges [1] - The remarks suggest a growing concern regarding the independence of the Federal Reserve in its decision-making process [1]

Core Viewpoint - Federal Reserve Governor Cook stated that there is no reason for her dismissal and she will not resign [1] Group 1 - Cook's assertion emphasizes her confidence in her position within the Federal Reserve [1] - The statement reflects the stability of leadership within the Federal Reserve amidst ongoing economic discussions [1]

Core Viewpoint - Federal Reserve Governor Cook stated that there is no reason for Trump to dismiss her and she will not resign [1] Group 1 - Cook's statement reinforces her position within the Federal Reserve, indicating stability in leadership amidst political pressures [1] - The comment suggests a potential conflict between the Federal Reserve's independence and political influences, particularly from the Trump administration [1]

Legal & Regulatory Framework - The 1913 Federal Reserve Act restricts the US President's power to unilaterally dismiss Federal Reserve Board members [1] - The law stipulates that the President can only dismiss members "for cause" [1] - "For cause" is not defined in the law, but historically understood as malfeasance or dereliction of duty [1]

Monetary Policy Outlook - Three Federal Reserve officials dampened expectations for a September interest rate cut [1] - The officials cited insufficient data to support a rate cut and concerns about the impact on inflation expectations [1] - Atlanta Fed President Bostic still anticipates only one rate cut this year [1] Economic Assessment - The economy is in a transitional period [1]

Core Viewpoint - Former St. Louis Fed President James Bullard has discussed the Federal Reserve chair position and indicated that interest rates are currently high, with a potential for a 100 basis point cut by 2026 depending on future data [1] Group 1 - The Federal Reserve must pay attention to maintaining the dollar's status as a reserve currency [1] - U.S. debt reflects spending issues that need to be addressed [1]

Core Viewpoint - Federal Reserve's Bowman emphasizes her current focus on her role [1] Group 1 - Bowman's statement indicates a commitment to her responsibilities within the Federal Reserve [1]

Group 1 - Economist Marc Sumerlin stated that the Federal Reserve's federal funds rate is "too high" and that a 50 basis point rate cut is feasible due to an inverted yield curve [1] - Sumerlin emphasized that the housing market is the weakest part of the U.S. economy [1] - He does not believe there is an issue with the size of the Federal Reserve's staff, but rather that the "setup is completely wrong" [1] Group 2 - Sumerlin mentioned that the problem lies in "redundancy" within the Federal Reserve [2] - He is noted to have been a former official during the George W. Bush administration and is reportedly being considered for the position of Federal Reserve Chair [2]

特朗普：鲍威尔总是行动太迟，造成的损失无法估量。我确实在考虑允许对鲍威尔提起一项重大诉讼，因为他在管理美联储大楼建设方面的工作实在是糟糕透顶、极其无能。花了三十亿美元去做一项本该只要五千万美元就能搞定的修缮。https://t.co/VVY67mN80J外汇交易员 (@myfxtrader):当特朗普与美联储主席鲍威尔头戴白色安全帽，巡视美联储建筑翻新工地时，两人立即就央行大楼改造费用争执不休。 https://t.co/4ssvPbmdcg ...