Trump may name a ‘shadow’ Fed chair, an unprecedented development in American history

Trump may name a ‘shadow’ Fed chair, an unprecedented development in American history

From edition.cnn.com

President Donald Trump said last week that he will announce his pick to succeed Federal Reserve Chair Jerome Powell “very soon.” The problem is that Powell still has 11 months left until the end of his term. Trump remains frustrated as ever with the Fed because it has not yet lowered interest rates. He has relentlessly attacked Powell for months. But announcing a Fed chair nominee this far in advance — if he makes good on that plan — would be an unprecedented development in the central bank’s 111-year history. This person would effectively be acting as America’s “shadow” Fed chair — a proposal Scott ... (full story)

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Trader#3283

Jun 27, 2025 6:10am

Fed mandate of 3% inflation was met so long ago.
Too late Powel is accurately describing how he should have already lowered the rates and MAY inflation would have already revealed any impact of tarriffs.
Trump is right again and again but people with hatred toward Trump cannot bring themself to admit this. Haters gonna hate.

LightchaserG

Jun 27, 2025 5:41am

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I also dont think Powell wants another term with TACO :-p

mallee

Jun 27, 2025 5:30am

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I don't think Trump will be able to bluff the Fed, Powell knows he won't get another term, nothing to lose.

Trader#E204

Jun 27, 2025 7:36am

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FED mandate: keep inflation low and employment high.
Trump "We have no inflation and our economy is like nothing we've ever seen. The fed is terrible."

Quaarlos

Jun 27, 2025 7:54am

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i hope he does, powell is disrupting the 4 years liquidity cycle we have and we need this cycle on all market.

keabetswet

Jun 27, 2025 7:59am

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POWELL SHOULD GO

Trader#D54D

Jun 27, 2025 5:58am

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Why does this same story keep resurfacing day after day. It is not news!

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Jun 27, 2025 4:55am
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Trump may name a ‘shadow’ Fed chair, an unprecedented development in American history

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