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cover of episode Trump Weighs Naming Next Fed Chair Early to Undermine Powell

Trump Weighs Naming Next Fed Chair Early to Undermine Powell

2025/6/26
logo of podcast WSJ What’s News

WSJ What’s News
AI Deep Dive AI Chapters Transcript
People
A
Alex Frankos
A
Asa Fitch
C
Chelsea Delaney
L
Luke Vargas
M
Martin Kulldorff
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Topics
Luke Vargas：特朗普总统正在考虑提前任命下一任美联储主席，这被视为削弱现任主席鲍威尔的举动。鲍威尔一直因为在降息问题上行动迟缓而受到批评，特朗普希望美联储立即降息，但鲍威尔认为当前通胀过高，经济状况足以承受高利率，因此不宜立即降息。特朗普政府正在考虑的潜在人选包括前美联储理事凯文·沃尔什、国家经济委员会主任凯文·哈塞特，甚至财政部长斯科特·贝桑特。 Alex Frankos：通常情况下，总统会在美联储主席任期结束前三到四个月才提名人选。但如果特朗普在鲍威尔任期结束前10到11个月就提名新人，可能会产生一种“后座司机”效应。新提名人可能会向市场传递其政策意图，例如是否会降息。然而，市场可能会因此感到困惑，因为新政策可能会与现任主席的政策方向相反，导致政策变化的不确定性增加，并削弱现任主席的影响力。这种提前任命可能会给市场带来不稳定因素。

Deep Dive

Chapters
President Trump is considering naming a new Federal Reserve chair a year early, potentially undermining Jerome Powell's current term. This move could significantly impact markets due to the uncertainty it creates regarding future interest rate policies. Several potential replacements are mentioned.
  • Trump considering early appointment of next Fed chair
  • Potential candidates include Kevin Warsh, Kevin Hassett, and Scott Besant
  • Concerns about market unpredictability and potential abrupt policy changes

Shownotes Transcript

A.M. Edition for June 26. The dollar sags on news President Trump could name his pick to replace Fed chair Jerome Powell almost a year before his term ends). WSJ finance editor Alex Frangos explains how markets might view such a move. Plus, a new vaccine panel selected by Robert F. Kennedy Jr. starts re-examining shot advice) for kids. And WSJ reporter Chelsey Dulaney) details how Ireland’s pharma dominance) has put it in Trump’s tariff crosshairs. Luke Vargas hosts. 

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