[{"data":1,"prerenderedAt":154},["ShallowReactive",2],{"story-13017-tw":3},{"id":4,"slug":5,"slugs":5,"currentSlug":5,"title":6,"subtitle":7,"coverImagesSmall":8,"coverImages":9,"content":30,"questions":31,"relatedArticles":41,"body_color":152,"card_color":153},"13017",null,"Trump's Fed Takeover Gambit: A High-Stakes Battle for Monetary Policy Independence","- Unprecedented political pressure threatens core economic governance mechanisms",[],[10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29],"https://th.bing.com/th?id=ORMS.b4b677bec68e6e3f9b0ce46f22b7f51a&pid=Wdp","https://www.livemint.com/lm-img/img/2025/12/29/1600x900/logo/USA-FED-CHAIR--FACTBOX--0_1766978167230_1766978183732.JPG","https://newsfile.futunn.com/news-thumbnail/20240704/public/17200757160878828551092-news-thumbnail/20240704/public/17200757160872263159363.jpg","https://static.foxbusiness.com/foxbusiness.com/content/uploads/2025/07/trump-powell.jpg","https://micms.stonex.com/cdn-cgi/image/quality=80/sites/default/files/2024-12/FED1.jpg","https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20251230/0-764750d617b2816468eca55160e7364a-0-1a736fadbe4b36d70fd7f69a97232875.jpg/big","https://newsfile.futunn.com/news-thumbnail/20240704/public/17200757166329141116503-news-thumbnail/20240704/public/17200757166322870895783.jpg","https://cdn.zonebourse.com/static/resize/768/432//images//reuters/2025-12-11T071904Z_1_LYNXMPELBA0AD_RTROPTP_3_USA-FED.JPG","https://images.wsj.net/im-75819712?width=700&height=467","https://d1-invdn-com.investing.com/content/pic9ae42ea18705597bb4639b75e5cb3221.png","https://i.guim.co.uk/img/media/3a648590bf48ff707086957d7ea8bb29217ab964/0_0_6500_4333/master/6500.jpg?width=465&dpr=1&s=none&crop=none","https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1TdPSr.img?w=412&h=232&q=60&m=6&f=jpg&u=t","https://cdn.i-scmp.com/sites/default/files/styles/700x400/public/d8/images/canvas/2025/12/31/dc889464-7a30-4da3-b3d6-5ad3cf2333dc_b6898a73.jpg?itok=NRJ66aHe&v=1767154472","https://th.bing.com/th?id=ORMS.91e64cc53c287d2ade69846b60585857&pid=Wdp","https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1ThqPn.img?w=768&h=512&m=6","https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1TiINR.img?w=768&h=432&m=6&x=457&y=131&s=294&d=139","https://fortune.com/img-assets/wp-content/uploads/2025/12/GettyImages-2251112174.jpg?format=webp&w=1440&q=100","https://www.rismedia.com/wp-content/uploads/2025/12/Spot1_Fed-Minutes_1140x758_2182873106.jpg","https://qz.com/cdn-cgi/image/width=1920,quality=85,format=auto/https://assets.qz.com/media/Wall%20street%20investors.jpg","https://www.noradarealestate.com/wp-content/uploads/2025/12/meet-the-two-kevins-leading-the-race-for-the-next-fed-chair-in-2026.jpg","The **Federal Reserve** stands at a critical inflection point, facing an extraordinary challenge to its institutional independence that could fundamentally reshape American monetary policy. **Donald Trump's strategic maneuver** to potentially replace key Fed leadership represents more than a personnel change—it's a direct assault on the traditional boundaries between political ambition and economic management.\n\n**Trump's targeted approach** reveals a calculated strategy: challenging Lisa Cook's position through Supreme Court litigation while simultaneously narrowing potential Fed chair candidates to a tight circle of ideologically aligned economists. The shortlist—including **Kevin Warsh** and **Kevin Hassett**—signals a deliberate attempt to install leadership sympathetic to his economic vision. With interest rates having decreased from 5.25-5.5% to 3.5-3.75%, the stakes for monetary policy direction are extraordinarily high.\n\nThe underlying tension exposes a profound institutional stress test. While **Jerome Powell** emphasizes there is \"no risk-free path\" for monetary policy, Trump's persistent criticism suggests a fundamental disagreement about the Fed's role. His accusations against Powell—calling him \"too late\" on interest rate cuts—represent a broader challenge to the central bank's traditional autonomy. This isn't merely a personnel dispute; it's a fundamental power struggle that could reset the relationship between political leadership and economic governance.\n\nWall Street's continued confidence in the Fed's decision-making suggests institutional resilience. However, the potential for **strategic policy reshaping** remains significant. The incoming Fed leadership will navigate complex challenges: managing post-pandemic economic recovery, addressing inflationary pressures, and maintaining global economic credibility—all while potentially operating under unprecedented political scrutiny.\n\nUltimately, this confrontation represents more than an administrative transition. It's a critical moment testing the fundamental principles of **economic institutional independence** in the United States, with potential long-term implications for monetary policy, market confidence, and the delicate balance between political ambition and economic stewardship.",[32,35,38],{"title":33,"answer":34,"author":5,"avatar":5,"time":5},"How has the Federal Reserve responded to political pressure so far?","Despite Trump's persistent criticism, economists suggest the Fed has remained largely uninfluenced by political attacks. Jerome Powell has maintained a cautious approach, emphasizing there is 'no risk-free path' for monetary policy. Wall Street's continued confidence indicates the institution's resilience in maintaining its core economic governance principles.",{"title":36,"answer":37,"author":5,"avatar":5,"time":5},"How might Trump's potential Fed leadership changes impact monetary policy?","Trump's strategy of targeting specific Fed governors and narrowing the chair candidate pool suggests a potential shift towards more politically aligned monetary policy. By considering candidates like Kevin Warsh and Kevin Hassett, who have been critical of current Fed approaches, he could significantly alter interest rate strategies and inflation management tactics.",{"title":39,"answer":40,"author":5,"avatar":5,"time":5},"What are the risks of compromising Federal Reserve independence?","Compromising Fed independence could lead to short-term political manipulation of monetary policy, potentially destabilizing long-term economic planning. This might result in less predictable interest rates, reduced global investor confidence, and a higher risk of politically motivated economic decisions that prioritize immediate political gains over sustainable economic growth.",[42,47,52,56,60,65,69,73,77,81,86,90,94,98,102,105,109,113,116,120,124,128,132,136,140,144,148],{"id":43,"title":44,"source":45,"logo":5,"time":46},186637,"On the eve of a major shift at the Fed: Wall Street is bracing for an interest rate battle without Powell.","https://news.futunn.com/en/post/66712304/on-the-eve-of-a-major-shift-at-the-fed","7天前",{"id":48,"title":49,"source":50,"logo":26,"time":51},186636,"No one’s happier about calls for a ‘back-seat’ Fed than Fed insiders who were targeted by the White House this year","https://fortune.com/2025/12/29/backseat-fed-silence-trump-independence-chairman/","6天前",{"id":53,"title":54,"source":55,"logo":11,"time":51},186635,"How investors are preparing for a new Fed","https://www.livemint.com/global/how-investors-are-preparing-for-a-new-fed-11766978129874.html",{"id":57,"title":58,"source":59,"logo":10,"time":51},186634,"Several wildcards for the Fed heading into 2026, says fmr. Fed vice chair Roger Ferguson","https://www.msn.com/en-us/money/topstocks/several-wildcards-for-the-fed-heading-into-2026-says-fmr-fed-vice-chair-roger-ferguson/vi-AA1TeWkP?ocid=finance-verthp-feeds",{"id":61,"title":62,"source":63,"logo":19,"time":64},186619,"2026 FOMC Voters Shift Dovish: Will Trump Get His Rate Cuts?","https://www.investing.com/analysis/2026-fomc-voters-shift-dovish-will-trump-get-his-rate-cuts-200672538","4天前",{"id":66,"title":67,"source":68,"logo":23,"time":64},186618,"Renaissance's Neil Dutta on what's ahead for the Fed in 2026","https://www.msn.com/en-us/money/news/renaissance-s-neil-dutta-on-what-s-ahead-for-the-fed-in-2026/vi-AA1TmT6V?ocid=finance-verthp-feeds",{"id":70,"title":71,"source":72,"logo":22,"time":64},186617,"Opinion | Why Donald Trump will focus on the Fed in 2026","https://www.scmp.com/opinion/world-opinion/article/3338152/why-donald-trump-will-focus-fed-2026",{"id":74,"title":75,"source":76,"logo":18,"time":46},186639,"How Investors Are Preparing for a New Fed","https://www.wsj.com/economy/central-banking/investors-federal-reserve-2026-01681b9e?gaa_at=eafs&gaa_n=AWEtsqeLeonTQKAyYF5uZFnNaZS4gmeJJPzkn4YXe_Qfcaf4VLAo1w24o37i&gaa_ts=695668f5&gaa_sig=v74fF053B8eU14wSOMr2Ii5ZsTQQqFNK9HXgBpulqjXjIbcZMms2itigUn3XoSPN27eYAVXCgjeQPrNCc1JwwA%3D%3D",{"id":78,"title":79,"source":80,"logo":21,"time":51},186638,"Trump shares list of four in the running to become the next Fed chair","https://www.msn.com/en-us/money/markets/trump-shares-list-of-four-in-the-running-to-become-the-next-fed-chair/vi-AA1TdD36?ocid=finance-verthp-feeds",{"id":82,"title":83,"source":84,"logo":5,"time":85},186633,"A quick rundown on who's who at the Federal Reserve in 2026","https://www.forexfactory.com/news/1377098-a-quick-rundown-on-whos-who-at-the","5天前",{"id":87,"title":88,"source":89,"logo":5,"time":85},186632,"The Federal Reserve in 2026: The End of the Powell Era? Interest Rate Path Remains Uncertain!","https://news.futunn.com/en/post/66792120/the-federal-reserve-in-2026-the-end-of-the-powell",{"id":91,"title":92,"source":93,"logo":5,"time":51},186631,"Several wildcards for the Fed heading into 2026, says Fmr. Fed Vice Chair Roger Ferguson","https://www.forexfactory.com/news/1377026-several-wildcards-for-the-fed-heading-into-2026",{"id":95,"title":96,"source":97,"logo":15,"time":51},186630,"Trump hints at 'firing' Powell? The biggest variable in the 2026 battle: Who will lead the Federal Reserve?","https://news.futunn.com/en/post/66762881/trump-hints-at-firing-powell-the-biggest-variable-in-the",{"id":99,"title":100,"source":101,"logo":17,"time":85},186626,"Political pressure and economic fog, the Fed at the heart of a perfect storm","https://www.marketscreener.com/news/political-pressure-and-economic-fog-the-fed-at-the-heart-of-a-perfect-storm-ce7e59dbd088ff22",{"id":103,"title":49,"source":104,"logo":5,"time":85},186625,"https://www.aol.com/finance/no-one-happier-calls-backseat-080600401.html",{"id":106,"title":107,"source":108,"logo":5,"time":85},186624,"Breaking Signal! 2026 Fed Voting Member Turns Dovish—Is Trump's Rate Cut Dream Finally Coming True?","https://www.bitget.com/news/detail/12560605127290",{"id":110,"title":111,"source":112,"logo":24,"time":85},186623,"What to expect from the Federal Reserve in 2026","https://www.msn.com/en-us/money/markets/what-to-expect-from-the-federal-reserve-in-2026/ar-AA1ThtuB?ocid=finance-verthp-feeds",{"id":114,"title":62,"source":115,"logo":14,"time":85},186629,"https://www.cityindex.com/en-uk/news-and-analysis/2026-fomc-voters-shift-dovish-will-trump-get-his-rate-cuts-2025-12-30/",{"id":117,"title":118,"source":119,"logo":16,"time":85},186628,"On the eve of a Federal Reserve shift: Wall Street is preparing for an interest rate battle without \"Powell\"","https://news.futunn.com/en/post/66765945/on-the-eve-of-a-federal-reserve-shift-wall-street",{"id":121,"title":122,"source":123,"logo":25,"time":85},186627,"Markets tip Warsh as Powell successor","https://www.msn.com/en-us/money/markets/markets-tip-warsh-as-powell-successor/ar-AA1TixsJ?ocid=finance-verthp-feeds",{"id":125,"title":126,"source":127,"logo":12,"time":46},186640,"Nomura: Market skepticism about the new Fed chair's capabilities may become apparent following a potential rate cut in June next year.","https://news.futunn.com/en/post/66710011/nomura-market-skepticism-about-the-new-fed-chair-s-capabilities",{"id":129,"title":130,"source":131,"logo":28,"time":64},186622,"It’s not just Trump: Bond investors have sway in picking the next Fed chair","https://qz.com/next-fed-chair-bond-market-investors",{"id":133,"title":134,"source":135,"logo":29,"time":64},186621,"Meet the Two Kevins Leading the Race for the Next Fed Chair in 2026","https://www.noradarealestate.com/blog/meet-the-two-kevins-leading-the-race-for-the-next-fed-chair-in-2026/",{"id":137,"title":138,"source":139,"logo":13,"time":64},186764,"Trump narrows Fed chair picks, January decision expected","https://www.foxbusiness.com/economy/trump-narrows-fed-chair-picks-january-decision-expected",{"id":141,"title":142,"source":143,"logo":27,"time":64},186620,"Federal Reserve Split on Appropriate Monetary Policy for 2026","https://www.rismedia.com/2025/12/31/fed-minutes-december-2026/",{"id":145,"title":146,"source":147,"logo":20,"time":64},186763,"Fed up: inside Trump’s unprecedented bid to exert control over the US central bank","https://www.theguardian.com/business/2025/dec/31/federal-reserve-trump",{"id":149,"title":150,"source":151,"logo":5,"time":64},186762,"The market's 'clear message' against Kevin Hassett leading the Fed","https://finance.yahoo.com/video/markets-clear-message-against-kevin-193000067.html","#fb09f2ff","#fb09f24d",1767609051825]