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PIMCO: Trump may reshape the Fed through personnel appointments
Summary: According to Jinshi's report, Pacific Investment Management Company (PIMCO) economist Tiffany Wilding pointed out in a report that while US President Trump may continue to criticize the Fed in the short term and call for rate cuts, he will not replace current Chairman Powell. Instead, Trump will influence Fed decisions through upcoming appointments, including the ...
According to Jinshi's report, Pacific Investment Management Company (PIMCO) economist Tiffany Wilding pointed out in a report that while US President Trump may continue to criticize the Fed in the short term and call for rate cuts, he will not replace current Chairman Powell. Instead, Trump will influence Fed decisions through upcoming appointments, including the term of Governor Kugler expiring in January and Chairman Powell's term ending in May. It is important to note that Powell's term as governor will continue until January 2028. Wilding emphasized that whoever Trump nominates as chairman must present convincing monetary policy views, first obtain Senate approval, and then seek majority support from the Federal Open Market Committee.
