Former U.S. Treasury Secretary: Trump's angry outburst at Powell is just to shift blame, the next Fed Chair will still be chosen from the "mainstream".

2025-06-21 01:35:43

BlockBeats news, on June 21, former U.S. Treasury Secretary Summers pointed out that Trump's frequent attacks on Federal Reserve Chairman Powell for refusing to cut interest rates are, in fact, setting up a "scapegoat" for a future economic downturn, attempting to shift the blame to the Federal Reserve rather than his own policies. Although Trump is publicly pressuring, Summers predicts that he will ultimately nominate a respected "mainstream" figure to succeed Powell to avoid market turmoil. (Wall Street Insight)

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HighYieldUltra-Stable

· 06-21 01:50

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