September Federal Reserve Board Composition Forecast: Trump Camp May Have a Four to Three Edge
BlockBeats News, August 31st. In addition to Tim Cook, who is currently "battling Trump" in court, the Federal Reserve Board of Governors (full membership of 7) also includes Powell and two Biden-appointed governors (Jefferson and Barr), who, like Cook, are aligned with Powell. Additionally, there are two governors appointed by Trump in his first term (Waller and Bowman), both of whom voted in favor of rate cuts in July. Trump has nominated his advisor Stephen Moore to fill the vacancy left by Cugler's resignation. The Senate Banking Committee will hold a confirmation hearing for Moore next Thursday. If approved quickly, he may join the Fed in time for the September meeting, meaning Trump will have at least three supporters on the Federal Reserve Board. Furthermore, if the court rules that Trump can dismiss Cook, he will promptly nominate her successor, potentially giving him a majority (four out of seven) on the board. This ruling is unlikely to be made before the September meeting, but Cook's absence could lead to a tie between the three Trump-appointed governors, two Biden-appointed governors, and Powell. (FXStreet)
You may also like
Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity
The most secretive AI winner
Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?
MiCA reshuffle begins, Binance temporarily bids farewell to the EU
How does Gate redo "buying and selling stocks" from the cryptocurrency world to the stock market?
Visa and Mastercard join 140 giants to launch a new stablecoin, but the impact on the market landscape may still be limited
Circle CEO responds to OUSD's challenge: Stablecoins are a winner-takes-all business, and we will not slow down
Argentina vs Cape Verde: When a Record-Breaking Legend Meets an Unbreakable Underdog
WEEX exclusive pre-match analysis of Argentina vs Cape Verde, exploring Messi-led Argentina’s dominance and Cape Verde’s historic defensive breakout, with a breakdown of volatility, structure, and match dynamics.





