Trump wants to take control of the Federal Reserve, with at most four more cards to play
Odaily News: U.S. President Trump has been trying to expand his influence over monetary policy by removing Federal Reserve officials and making room for his own appointees. So far, his efforts have been constrained by both the courts and political resistance in the Senate. However, this contest is far from over, and there could still be up to four windows that may reshape the Fed's personnel landscape:
1. The Cook dismissal case: Trump has not given up;
2. Powell staying put: 2028 is the definitive window;
3. Jefferson's fate: a potential ripple effect;
4. The Atlanta Fed president candidate: could become a breakthrough point.
Although Trump has not been able to quickly overhaul the Federal Reserve, the Cook dismissal case, Powell's term, Jefferson's fate, and the Atlanta Fed president appointment still leave four potential leverage points for him to expand his influence. The real key is not just "who gets into the Fed," but how these personnel changes will ultimately alter the voting structure of the rate-setting committee.
