Federal Reserve (Jerome Powell)

전망 요약

The Fed faces an unprecedented threat to its independence as Trump uses legal subpoenas to find cause to fire Powell and install politically aligned leaders.

주요 포인트

• Trump is utilizing a grand jury indictment regarding building renovations as a pretext to fire Powell for cause.
• Loss of Fed independence risks a return to 1970s-style inflation where monetary policy was directed by political pressure.
• The move is described as a 'fishing expedition' to obtain emails and documents to stitch together a narrative of fraud or perjury.