美联储控制权

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前美联储三号人物:美联储内部分歧被夸大,两位反对票理事另有动机
美股IPO· 2025-08-04 23:25
Core Viewpoint - The article discusses the internal disagreements within the Federal Reserve, particularly regarding the recent dissent from two board members against maintaining interest rates, suggesting that these disagreements are exaggerated and do not significantly undermine Powell's authority [1][3][4]. Group 1: Federal Reserve's Internal Dynamics - Dudley highlights that the dissent from board members Waller and Bowman is a rare occurrence, marking the first time since 1993 that multiple members have opposed a decision [3]. - The article emphasizes that Trump's influence over Powell is limited, as the Supreme Court has ruled that the Fed Chair can only be removed for "just cause," which does not include the issues raised by Trump [4][5]. - Dudley argues that even if Trump appoints Powell's successor, that individual may not necessarily follow Trump's directives, especially if they conflict with the Fed's statutory mission [5][6]. Group 2: Implications of Recent Dissent - The dissent from Waller and Bowman is viewed as a coincidence, as both are Trump appointees, and their opposition does not damage Powell's credibility [6][7]. - Dudley notes that typically, FOMC members do not publicly oppose the Chair unless there is a significant disagreement on policy direction, which was not the case in this instance [6][7]. - The article concludes that the Fed's efforts during the 2008 financial crisis and the COVID-19 pandemic, as well as its recent success in lowering inflation without triggering a recession, should be recognized rather than criticized [7].