Janet Yellen, nominated by Trump as Treasury Secretary, proposed in Barron’s that Trump publicly appoint a successor to Fed Chairman Powell as soon as he took office, creating a “shadow Fed Chairman.” Powell opposed this and said, ‘I think this is not even up for discussion.’ ‘There is a series 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. (Kincent) #ETH
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Powell: Je ne pense pas que le "président de la Fed de l'ombre" nécessite d'être discuté
Janet Yellen, nominated by Trump as Treasury Secretary, proposed in Barron’s that Trump publicly appoint a successor to Fed Chairman Powell as soon as he took office, creating a “shadow Fed Chairman.” Powell opposed this and said, ‘I think this is not even up for discussion.’ ‘There is a series 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. (Kincent) #ETH