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🔥 🔥The Federal Reserve has made a major announcement! The 11 regional presidents have been re-elected collectively, narrowly passing under Trump's pressure!
‼️On Thursday, the Federal Reserve announced that the Board unanimously approved the re-election of 11 regional Federal Reserve presidents for five years, effective from March 1 next year, with only the Atlanta president absent due to retirement. This move ends the market's concerns about turmoil in the central bank's decision-making body, and against the backdrop of Trump's frequent pressure to dismiss the board members, it can be seen as a temporary easing of a 'silent crisis'.
‼️Although the three board members appointed by Trump still exert influence, and even Treasury Secretary Basant proposed establishing new residency thresholds, this 'unanimous approval' sends a strong signal: the core structure of the Federal Reserve is temporarily stabilized. The re-elected presidents will continue the public-private governance model, steering the execution of monetary policy.
⚠️More crucially, they will continue to have voting rights in future interest rate decisions, safeguarding the independence of the Federal Reserve. The market's focus has now shifted: who will succeed Powell? Hassett is the frontrunner. A bigger storm may be brewing.🌪️
