PIMCO: Trump May Reshape the Federal Reserve Landscape Through Personnel Appointments

ChainCatcher news, according to Jin Shi reports, 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 and call for interest rate cuts in the short term, he will not replace the current chairman Powell.

Instead, Trump will influence Federal Reserve decisions through upcoming appointments, including the term of Governor Quigley expiring in January and the term of Chairman Powell expiring in May.

It is important to note that Powell's term as a governor will last until January 2028. Wilding emphasized that regardless of whom Trump nominates to succeed as chairman, the new leader must present a convincing monetary policy proposal, first gaining Senate approval and then seeking majority support from the Federal Open Market Committee.