PIMCO economist Tiffany Wilding indicates Trump may influence Fed decisions through appointments rather than replacing Powell directly.
PIMCO economist Tiffany Wilding suggests that while President Trump may criticize the Federal Reserve, he is unlikely to replace Jerome Powell as chair. Instead, Trump is expected to exert influence through upcoming appointments, particularly the expiring term of Governor Quarles. Wilding emphasizes that any new chair will need to present a strong monetary policy to secure Senate approval and FOMC support.