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Analysis: Trump may announce the new Federal Reserve Chair before the FOMC meeting
Deep Tide TechFlow News, January 28th, according to Jinshi Data reports, and multiple foreign media reports, during a speech in Iowa on Tuesday, U.S. President Trump stated: “I will soon announce the Federal Reserve Chairperson candidate.” How soon is “soon”? Market speculation on this is intensifying. Market analyst Ghiles Guezout said that this announcement could come as early as today. According to several news reports released in recent weeks, Trump has indicated that he has “already” made a decision on Powell’s successor. Financial website Investinglive analyst Eamonn Sheridan also stated that Trump’s official announcement timing might be deliberately arranged during the Federal Reserve’s January policy meeting. This move has strategic intent; if the Federal Reserve does not cut interest rates this time, announcing the Fed Chairperson candidate during the meeting would allow the White House to influence policy direction. (Note: The Federal Reserve FOMC will announce the interest rate decision at 03:00 Beijing time on Thursday.)