PIMCO: Trump May Reshape Fed Outlook Through Personnel Appointments
BlockBeats News, July 23rd, Pacific Investment Management Company (PIMCO) economist Tiffany Wilding pointed out in a report that although U.S. President Trump may continue to criticize the Federal Reserve 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 Quarles expiring in January and the Chairmanship of Powell expiring in May. It is worth noting that Powell's term as governor will continue until January 2028. Wilding emphasized that no matter who Trump nominates to succeed as chairman, the new leader must put forward a convincing monetary policy stance, first obtain Senate approval, and then seek majority support from the Federal Open Market Committee. (FXStreet)
You may also like
Gainers
Latest Crypto News
The probability of a rate hike by the Bank of Japan in December has surged to 85%, making monetary policy tightening almost a certainty.
The AZTEC Token Sale has successfully locked 12,500 ETH and will commence its public sale today.
PIPPIN's Counter-trend Rally Surpasses $200 Million in Market Cap, with a 24-hour Gain of 42.3%
GANA Payment has announced that they will fully compensate $3.1 million and will restart operations on December 2nd.
Solana Ecosystem Meme Coin KABUTO Surpasses $13 Million Market Cap Briefly, with a 327% Price Increase in 24 Hours
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com