16 Apr 2025

‼️ Will we get a "shadow Fed chair" as soon as this Fall ?

On Monday, Treasury Secretary Scott Bessent has indicated that the discussion for the next Federal Reserve Chair could take place sometime in the fall. ➡️It now looks very clear that Powell's term ends in May 2026. Trump will not reappoint him. ➡️Will Trump fire him? This is very messy (and unknown legally). The alternative, proposed last year by Scott Bessent, was to create a "shadow Fed Chairman." 🔴 How will the Trump administration use a "shadow Fed Chariman"? 1) They appoint Powell's replacement months earlier. 2) They send the nominee regularly go on financial TV, tweet, etc., giving his/her personal opinion and criticising Powell views and decisions, thereby undermining his authority. The shadow Fed Chair could be nominated as soon as this fall...

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