Core Viewpoint - The article discusses the influence of political pressures on the Federal Reserve, highlighting the historical context of such interventions and the current situation under Trump's administration, where he seeks a more compliant Fed to implement his economic strategies [1]. Group 1: Historical Context - The Federal Reserve has historically been a stabilizing force in the U.S. financial system, but its independence has often been challenged by political pressures, particularly during election years [1]. - The article references the Nixon era, where political pressure led to interest rate cuts that resulted in severe inflation, serving as a cautionary tale for current policymakers [1]. Group 2: Current Political Dynamics - Trump is exerting pressure on the Federal Reserve, advocating for interest rate cuts to stimulate the economy amid disappointing economic data [1]. - The article notes that Trump has publicly criticized Fed Chairman Jerome Powell and has targeted other board members, indicating a desire for a Fed that aligns with his economic agenda [1]. Group 3: Implications for Monetary Policy - The potential appointment of Trump’s allies to the Federal Reserve Board could shift the balance towards more accommodative monetary policies, including rate cuts and increased money supply [1]. - The article suggests that if Trump succeeds in reshaping the Fed, monetary policy could become a tool for presidential campaigns, undermining the Fed's independence [1].

可问题是，库克自己回应得很硬气。她说：特朗普没这个权力，她会继续履行职务。意思很明确：你说解雇就解雇？没门。 那为啥特朗普非要搞这个事？很简单，他要的不是库克一个人，而是整个美联储的控制权。 各位朋友，今天咱们要聊的事儿，堪称金融圈的大新闻。刚刚，特朗普又整了个大动作：他在自己的社交媒体上高调宣布：解雇美联储理事 丽莎·库克，立即生效！ 现在美联储理事会七个席位里，他已经有两个人是自己任命的。不久前又提名了斯蒂芬·米兰来接替库格勒的席位。如果库克真被挤出去，那 特朗普就可能拿到四个席位，直接占多数。到那时候，美联储的很多关键决定，他就能说了算。 你没听错，这是美国历史上第一次有总统敢公开说要解雇在任的美联储理事。市场当然第一时间炸了。美股期货一看不对劲，立刻往下掉， 纳指期货跌了 0.2%。避险情绪立刻起来，日元兑美元走强，黄金把之前跌掉的那点立刻收了回来。 换句话说，特朗普这是抢跑了。法律程序还没走完，他直接宣布解雇，这就让人觉得是政治动机。参议员沃伦第一时间出来说，这完全是违 法行为，纯粹出于政治目的。 这事儿被人称作特朗普的"三步走"计划：第一步，清掉不听话的人；第二步，用自己人填上去；第三步，把理事会 ...

Core Viewpoint - The article discusses President Trump's intention to potentially dismiss Federal Reserve Chairman Jerome Powell, highlighting the ongoing tension between the President and the Federal Reserve, which has become a focal point in global financial discourse [1][12]. Group 1: Reasons for Trump's Discontent with Powell - Trump believes Powell is too slow in lowering interest rates, contrasting with his desire for low rates to stimulate economic growth [4]. - Powell's adherence to the principle of Federal Reserve independence has led him to publicly resist aligning with White House policy, causing embarrassment for Trump [5]. - Powell's low-key and conservative style, along with Trump's preference for public alignment from key officials, has further fueled Trump's dissatisfaction [6]. - Trump's economic team, including Treasury Secretary Steven Mnuchin and National Economic Council Director Kevin Hassett, generally criticizes Powell, exacerbating the conflict [6]. Group 2: Potential Successors for Federal Reserve Chairman - Trump has mentioned Treasury Secretary Steven Mnuchin as a potential successor but prefers him to remain in his current role [7]. - Kevin Hassett, the National Economic Council Director, is also considered a candidate, supporting interest rate cuts and monetary easing [7]. - Other candidates include: - Kevin Warsh, a former Federal Reserve governor known for prioritizing inflation control and financial stability [8]. - Christopher Waller, a current Federal Reserve governor seen as a flexible option between rate hikes and easing [8]. - David Malpass, former World Bank president, advocating for a focus on U.S. manufacturing and a weaker dollar policy [8]. Group 3: Implications of Trump's Actions - The potential dismissal of Powell is viewed as a significant threat to the independence of the Federal Reserve, raising concerns among Democrats and some Republicans about political interference in financial governance [12]. - Wall Street and financial analysts express worries that such actions could lead to market volatility and undermine investor confidence in the U.S. dollar and government bonds [12][16]. - Historically, while tensions between presidents and Federal Reserve chairs have occurred, no president has successfully dismissed a sitting chair, making Trump's actions unprecedented [20][24]. Group 4: Future Developments - Trump's fluctuating stance on Powell's dismissal indicates a potential legal and constitutional crisis if he attempts to remove Powell directly [24]. - The White House is likely to accelerate the search for a new Federal Reserve chair while continuing to apply pressure on Powell [27]. - The ongoing power struggle between Trump and Powell is expected to attract significant attention from financial markets, similar to past conflicts in U.S. monetary policy history [27].