The Power Struggle Behind the Scenes: Trump’s Moves in the Federal Reserve

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.