Biden’s nominee for Treasury Secretary, Yellen, proposed in Barron’s that Trump openly appoint a successor to Fed Chairman Powell as soon as he took office, effectively creating a ‘shadow Fed Chairman,’ a move Powell opposes. Powell said on Wednesday, ‘I think this is not even up for discussion.’ ‘There is a set of institutional relationships between the Fed and each administration. I fully believe that we can maintain the same relationship.’ Powell’s term will end in early 2026. (FXStreet) #ETH
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Powell: No creo que debamos discutir al "presidente en la sombra de la Reserva Federal"
Biden’s nominee for Treasury Secretary, Yellen, proposed in Barron’s that Trump openly appoint a successor to Fed Chairman Powell as soon as he took office, effectively creating a ‘shadow Fed Chairman,’ a move Powell opposes. Powell said on Wednesday, ‘I think this is not even up for discussion.’ ‘There is a set of institutional relationships between the Fed and each administration. I fully believe that we can maintain the same relationship.’ Powell’s term will end in early 2026. (FXStreet) #ETH