Federal Reserve Messenger: Trump's remarks will only make it harder for the next Fed chairman to do so

BlockBeats News: On April 25th, Nick Timiraos, a journalist from The Wall Street Journal known as the "voice of the Federal Reserve," published an article stating that Trump called Fed Chairman Powell the "main loser," but the bigger loser in his argument with the Fed may be the person Trump chooses to replace Jay Powell next year. Because by criticizing the Federal Reserve to influence policy, Trump may create a "shadow of doubt" for his nominee. Lawrence Summers, who served as the Secretary of the Treasury in the Clinton administration from 1999 to 2001, said, "It is foolish for successive presidents to publicly criticize the Federal Reserve. The Federal Reserve either does not listen or feels pressure to prove its independence, which means that short-term interest rates will remain unchanged or even higher.