WASHINGTON, Sept. 30 -- The U.S. Federal Reserve could move toward a much more dovish stance in monetary policy as President Donald Trump, who favors a low-interest-rate policy, has a unique opportunity to reshape the central bank's leadership, a leading U.S. economist has said.
RESHAPE THE FED
"We're going to end up with a dovish Fed, because so many members of the board are going to change once and will be appointed by President Trump," Adam Posen, president of the Peterson Institute for International Economics, a Washington-D.C. based think tank, told Xinhua in a recent interview
"It's very clear President Trump wants lower interest rates for a bunch of reasons," he said.
Currently, there are three vacancies in the Fed's seven-member board of governors. As Fed vice chair Stanley Fischer will resign around Oct. 13 for personal reasons and Fed Chair Janet Yellen's current term expires on Feb. 3, Trump has a unique opportunity to reshape the central bank by appointing as many as five new members of the board, including the next Fed chair.
"We've had four meetings for Fed chairman, and I'll be making a decision over the next two or three weeks," Trump told reporters on Friday.
Trump has interviewed former Fed governor Kevin Warsh and current Fed governor Jerome Powell in recent days to discuss their potential nominations as the next leader of the central bank, according to media reports.
【国际英语资讯:Interview: Trumps reshaping of Fed could end up with more dovish policy stance: U.S. econo】相关文章:
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