JPMorgan stated that if former Republican President Trump wins the US presidential election in November, the financial markets may limit any attempts by him to exert excessive pressure on the independence of the Federal Reserve. Michael Feroli, Chief US Economist at JPMorgan, pointed out that although the Federal Reserve has certain mechanisms to avoid direct control by the president, the White House can still influence monetary policy through some unconventional means. One of the most direct ways is to dismiss the current Federal Reserve Chairman, Jerome Powell, and appoint their own candidate. However, legal scholars believe that this action would be very difficult.
特朗普能否控制美联储？摩根大通称金融市场或成决定性因素
Can Trump control the Federal Reserve? jpmorgan says financial markets may be a decisive factor.
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