The two major positions in the Federal Reserve will soon be vacant, and Trump is expected to nominate a dovish member to push for aggressive interest rate cuts.
According to the Securities Times APP, US President Trump once again pressured the Federal Reserve recently, publicly expressing his hope that the Fed will cut interest rates by 3 percentage points, returning to the ultra-low levels seen during the COVID-19 pandemic. This proposal far exceeds current market expectations and goes against the current economic fundamentals in the United States. However, with two important positions in the Federal Reserve about to become vacant, Trump may indeed have the opportunity to reshape the central bank's leadership and push for the radical easing policies he desires.
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