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)