Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
Gate Card
Rewards
Square
Latest
Hot
News
Profile

Analyst: Powell is not stepping down, and Trump's plan to install two people into the Federal Reserve has failed.

MeNews
robot
Abstract generation in progress
ME News report, May 15 (UTC+8). Congress Hill News Business Editor Sylvan Lane said that Powell pledged that although his reappointment is unusual, he will stay “low-key” during his time on the board and will not become a “shadow chairman” that challenges Wosh’s influence. If he follows through on what he said, Powell is likely to return to the Federal Open Market Committee and express his views on interest rates in a measured way. Disagreements within the U.S. Federal Open Market Committee on how to respond to the inflation surge triggered by Iran are intensifying. Although Powell may no longer lead the Federal Reserve’s policies, he could still have a significant impact on the Fed’s future due to the unique composition of the Federal Reserve Board. Each of the seven members of the Federal Reserve Board serves a 14-year term, with terms staggered. However, the length of the term is not reset when a new governor replaces someone who has left. If Powell were to fully leave the Federal Reserve after his chairmanship term ends, Trump could have nominated Wosh to succeed Powell for the remaining term on the Board, while reserving another Federal Reserve Board seat for another potential nominee. But in reality, Trump can now only nominate Wosh to fill the Board seat that Milan is temporarily occupying. (Source: Jintian)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • 1
  • Share
Comment
Add a comment
Add a comment
MarginMarmot
· 10h ago
Wosh's signing with Milan is considered a guaranteed deal, but the chairman's dream still needs to wait a bit longer.
View OriginalReply0
GateUser-ad8b77bd
· 20h ago
Regarding interest rate issues, the moderate expression means choosing the right moment to speak and avoiding confrontation.
View OriginalReply0
DaoSidekick
· 23h ago
No longer leading ≠ having no influence; this kind of marginal participation is the style of an expert.
View OriginalReply0
GateUser-9ccf7051
· 05-24 01:13
The assumption of Powell stepping down is quite interesting, but the realistic path has already been closed off.
View OriginalReply0
AirdropDreamsInAGlassBottle
· 05-24 01:07
The term "dislocated structure" is used accurately; the Federal Reserve's personnel planning inherently includes buffers.
View OriginalReply0
GateUser-f92ba9fa
· 05-24 01:06
In the FOMC, the voices of the dovish members are sometimes more influential than the chair's vote.
View OriginalReply0
ThereIsAChainInTheReflection.
· 05-24 01:02
His 14-year term indeed provided him with a long-term observation window, and the impact is subtle.
View OriginalReply0
GateUser-c1cab702
· 05-24 00:58
The identity of board members is more persistent than people think; this is a matter of institutional design.
View OriginalReply0
GaslightGuardian
· 05-24 00:58
Vosh's current position is a bit awkward; let's fill the Milan spot first and see about the rest later.
View OriginalReply0
RugProofMood
· 05-24 00:58
Powell's move is quite steady; he doesn't serve as the shadow chairman but retains influence. Impressive.
View OriginalReply0
View More

  • Pinned

Sitemap