The Power Struggle Behind the Scenes: Trump’s Moves in the Federal Reserve
Main Idea
Former President Trump is reportedly influencing Federal Reserve policies and personnel changes, with key members resigning or opposing current interest rate policies, potentially shifting the Fed's direction.
Key Points
1. Trump has swayed two Federal Reserve members to oppose current interest rate policies and may add a third ally with the exit of Kugler.
2. Kugler, a key Federal Reserve member, is set to resign before his term ends in January, which could further alter the Fed's policy direction.
3. Trump accuses Federal Reserve Chair Powell of being ineffective and alleges economic manipulation by opposing forces within the Fed.
4. Pulte, Director of the Federal Housing Finance Agency, hinted that Powell might be the next target after Kugler's departure.
5. Trump's influence could lead to significant changes in fiscal and housing policies, with some anticipating a shift in the Fed's approach.
Description
Trump strategically influences the Federal Reserve's direction towards his policy preferences. Kugler's resignation sparks speculation on Powell's potential exit amidst political pressure. Continue Reading: The Power Struggle Behind the Scenes: Trump’s Moves in the Federal Reserve The post The Power Struggle Behind the Scenes: Trump’s Moves in the Federal Reserve appeared first on COINTURK NEWS .
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