Kugler's unexpected resignation may speed up Trump's selection of the next Federal Reserve chairman."
Internet reported that Federal Reserve Governor Kugler suddenly announced his resignation on Friday, which provided US President Trump with the opportunity to fill the Fed's vacancy earlier than expected and may also force him to finalize the next chairman several months in advance. Derek Tang, an economist at monetary policy analysis firm LH Meyer, said,"Now the ball is at Trump's feet, and Trump has been putting pressure on the Federal Reserve, claiming to place his own people. Now the opportunity has come." Although Powell's term as chairman ends in May next year, his term as a director will last until 2028. If Powell does not voluntarily resign as a director, Trump will have no chance to fill the vacancy before 2028. In this case, Trump may be forced to fill Kugler's vacancy with the proposed chairman candidate. Tobin Marcus, director of U.S. policy and political strategy at Wolf Research, pointed out: "The point is that this is the only job opening Trump can handle. If he wants to find the next chairman from outside the Fed, the nomination may be announced in advance." (Jin Shi)
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.