Trump will decide on the new Fed governor this week, who may also be Powell's successor.

robot
Abstract generation in progress

PANews August 6 news, according to Global Market Broadcast, U.S. President Donald Trump stated that he will decide this week who will replace the soon-to-retire Federal Reserve Board of Governors member Adriana Kugler. The Fed announced last Friday that Kugler would resign from her position before her term ends in January next year. This provides Trump with an opportunity earlier than expected to place someone who aligns more with his stance on interest rate cuts into the Federal Reserve Board. Meanwhile, Trump is repeatedly pressuring the Fed and its chairman Jerome Powell to drop borrowing costs. Regardless of whom Trump chooses to serve as a Federal Reserve Board member, this person may become one of the successors to Powell, whose term as chairman ends in May, and may align the interest rate policy formulation with the expectations of the Trump administration.

TRUMP2.41%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
RebOWagevip
· 19h ago
US SEC commissioner slams agency statement on liquid staking: 'Muddies the waters'
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)