PIMCO: Trump may reshape the Federal Reserve through personnel appointments

According to a report by Golden Ten, Tiffany Wilding, an economist at Pacific Investment Management Company (PIMCO), pointed out in the report that although US President Trump may continue to criticize the Federal Reserve and call for interest rate cuts in the short term, he will not replace current Chairman Powell. On the contrary, Trump will influence Federal Reserve decisions through upcoming appointments, including the expiration of Governor Cugler's term in January and Chairman Powell's term in May. It should be noted that Powell's term as a council member will continue until January 2028. Wilding emphasized that regardless of who Trump nominates as chairman, the new leader must present convincing monetary policy proposals, first obtain Senate approval, and then seek majority support from the Federal Open Market Committee.