Trump Targets the Federal Reserve! Who Will Be Cleared? Financial Markets at Risk

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Trump has made it clear that while he cannot fire Federal Reserve Chair Powell, he has control over the fate of other members. The Federal Reserve is composed of seven members, and Trump may take this opportunity to remove officials appointed by Biden. Here are the Federal Reserve members who may face 'layoffs':

Michael Barr: As the Vice Chair for Bank Supervision, Barr's responsibilities are not closely related to monetary policy, making him a more likely target. He has hired a lawyer to prepare for the political challenges that may come.

Adriana Kugler: Another Biden appointee, her position is also unstable due to her poor reputation.

Philip Jefferson and Lisa Cook: These two Biden-nominated members also face risks, as Trump may make adjustments to them.

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