【 Trump "2.0" impacts the independence of the Federal Reserve, Wall Street is nervous】
On December 29, as Trump enters the "2.0 era", the Federal Reserve faces unprecedented political pressure. Trump not only rarely appeared at the Federal Reserve construction site to publicly argue with Chairman Powell but also repeatedly criticized his monetary policy, even trying to weaken Powell's influence through the **"shadow chairman"** mechanism, raising market concerns about the central bank's independence.
According to reports, Trump has accused Powell of **"political interest rate cuts"**, directing his criticism at other members of the Federal Open Market Committee (FOMC), particularly targeting the push to remove Federal Reserve Governor Cook**. The related case will be heard in court in January next year. This move is seen as a significant challenge to the boundaries between the White House and independent agencies.
Against this backdrop, people within the Federal Reserve and related agencies generally maintain a stance of "selective silence", emphasizing that policy decisions are based on economic data to avoid further political conflicts. Although analysts believe that the institutional independence of the Federal Reserve and market oversight still possess resilience, if senior personnel are intervened, inflation expectations and market confidence may come under pressure.
At the same time, the White House is advancing the process of publicly selecting the next Federal Reserve Chair, with the market concerned that this may weaken Powell's authority and exacerbate internal divisions within the Federal Reserve. Wall Street generally believes that in the short term, policy uncertainty is rising, and the century-long independence of the Federal Reserve is facing severe tests.
#加密市场观察
On December 29, as Trump enters the "2.0 era", the Federal Reserve faces unprecedented political pressure. Trump not only rarely appeared at the Federal Reserve construction site to publicly argue with Chairman Powell but also repeatedly criticized his monetary policy, even trying to weaken Powell's influence through the **"shadow chairman"** mechanism, raising market concerns about the central bank's independence.
According to reports, Trump has accused Powell of **"political interest rate cuts"**, directing his criticism at other members of the Federal Open Market Committee (FOMC), particularly targeting the push to remove Federal Reserve Governor Cook**. The related case will be heard in court in January next year. This move is seen as a significant challenge to the boundaries between the White House and independent agencies.
Against this backdrop, people within the Federal Reserve and related agencies generally maintain a stance of "selective silence", emphasizing that policy decisions are based on economic data to avoid further political conflicts. Although analysts believe that the institutional independence of the Federal Reserve and market oversight still possess resilience, if senior personnel are intervened, inflation expectations and market confidence may come under pressure.
At the same time, the White House is advancing the process of publicly selecting the next Federal Reserve Chair, with the market concerned that this may weaken Powell's authority and exacerbate internal divisions within the Federal Reserve. Wall Street generally believes that in the short term, policy uncertainty is rising, and the century-long independence of the Federal Reserve is facing severe tests.
#加密市场观察