<p>华盛顿（美联社）——唐纳德·特朗普总统希望任命大多数联邦储备委员会成员的目标在周二晚间遭遇挫折，因为法院阻止了他前所未有的解雇丽莎·库克的尝试。</p><p>获取 <strong>投资新闻</strong> 提醒：</p><p>但就在接下来的第二天，他提名的另一位联邦储备委员会成员的替代人选获得了进展，这为他在第二任期内重新塑造联邦储备提供了一个机会。</p><p>经济学家表示，随着时间的推移，特朗普几乎肯定会获得他所寻求的较低短期利率，尽管即使他获得七人委员会的大多数席位，联邦储备也不太可能将当前约 4.3% 的利率削减 3 个百分点，正如他所要求的那样。</p><p>周三，特朗普在接近获得多数席位方面又迈出了一步，参议院银行委员会批准了总统提名的斯蒂芬·米兰，作为联邦储备委员会的一个空缺职位。他预计很快将获得参议院的批准。他可能会参与下周中央银行的政策会议，届时预计将把关键利率下调四分之一个百分点至约 4.1%。</p><p>但在库克的事情上，他却退了一步，因为联邦法院在周二晚间阻止了特朗普解雇她的尝试。由前总统乔·拜登任命的法官贾·科布裁定，解雇是非法的，因为政府没有提供足够的理由来解除她的职务。这意味着库克也可能参与下周的联邦储备会议。</p><p>特朗普政府周三对该裁决提出上诉，许多观察人士预计此案可能最终会进入最高法院。</p><p>以下是关于特朗普、联邦储备及其传统独立性目前的情况。</p><p>特朗普解雇库克的能力</p><p>联邦储备委员会的成员与内阁成员或其他可以随总统意愿任命的官员不同。根据管理联邦储备的法律，他们不能因政策分歧而被解雇，但可以因 “正当理由” 被解雇。</p><p>特朗普指控库克在 2021 年购买两处房产时犯有抵押贷款欺诈——在她加入联邦储备之前——她表示这两处房产都是 “主要居所”。这样的分类可以导致比将其中一处房产归类为出租房或第二住宅时更低的首付款和抵押贷款利率。</p><p>周二，科布裁定，联邦储备委员会的成员只能因在职期间的不当行为或其他行为被解雇，并表示白宫也未能给库克提供正式回应指控的机会。</p><p>上诉法院或最高法院可以暂停地区法院的裁决，这将使库克在她的案件解决之前离开联邦储备委员会。最高法院对特朗普的论点表示同情，认为总统可以解除许多以前被视为独立机构的官员的职务。但在今年早些时候的一起案件中，最高法院表示，中央银行是一个 “独特的半私有实体”，并暗示其官员可能享有更大的保护，不会被白宫解除职务。</p><p>米兰的任命引发了对联邦储备独立性的担忧</p><p>特朗普选择米兰来替代前联邦储备委员会成员阿德里安娜·库格勒，后者于 8 月 1 日辞职。如果获得批准，米兰将完成她的任期，该任期将于明年 1 月到期。</p><p>如果他获得参议院批准，米兰采取了不寻常的步骤，计划继续担任白宫经济顾问委员会主席。虽然之前的总统曾任命他们的助手进入联邦储备，但他们总是会辞去白宫的职务。</p><p>几乎所有经济学家和大多数华尔街投资者都更倾向于一个独立于日常政治的联邦储备。他们担心，如果联邦储备落入白宫的控制之下，它将把关键利率维持在低于经济基本面所合理的水平，以满足特朗普对更便宜借贷的要求。</p><p>这可能加速通货膨胀，并随着时间的推移推高长期利率，例如抵押贷款和汽车贷款的利率。投资者可能会要求更高的收益率来持有债券，以抵消未来更大的通货膨胀，从而提高美国政府和整个经济的借贷成本。</p><p>联邦储备目前的情况</p><p>如果米兰获得确认，他将成为特朗普任命的第三位联邦储备委员会成员，此前特朗普在第一任期内任命了克里斯托弗·沃勒和米歇尔·鲍曼。如果库克能够保住她的席位，那么特朗普的下一个机会将出现在 5 月，当时现任联邦储备主席杰罗姆·鲍威尔的任期结束。</p><p>鲍威尔可能会采取不寻常的举动，即在辞去主席职务后仍留在联邦储备委员会。如果是这样，这将剥夺特朗普另一个任命的机会，并迫使他从现有的七位委员中选择新的主席。</p><p>鲍威尔在被问及他是否会在担任主席的任期结束后离开委员会时拒绝回答。但如果他离开，特朗普就可以任命第四位成员并获得多数。</p><p>其他四位委员的任期将持续到特朗普任期结束之后。委员的任期为 14 年，部分原因是为了保护他们免受政治压力。</p><p>尽管如此，许多委员在任期结束前辞职，因此特朗普可能还有更多机会向委员会增添忠诚者。</p><p>“随着时间的推移，联邦储备的组成与政府的观点保持一致，因为你会选择志同道合的人，” BNY 银行首席经济学家文森特·赖因哈特表示。“趋势是降低利率。”</p><h2>你现在应该投资$1,000 吗？</h2><p>在你进行下一笔交易之前，你会想听听这个。</p><p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。</p><p>我们的团队已经确定了五只股票，顶级分析师正在悄悄地向他们的客户推荐，现在购买，以便在更广泛的市场注意到之前……而且没有任何大名鼎鼎的股票在名单上。</p><p>他们认为这五只股票是投资者现在应该购买的五家最佳公司……</p><p>查看这五只股票</p>

<p>特朗普总统重塑联邦储备系统的努力遭遇挫折，法院阻止了他解雇理事丽莎·库克的尝试。然而，他的提名人斯蒂芬·米兰顺利推进，预计很快将获得参议院批准。经济学家预测，特朗普可能会实现短期利率的降低，但幅度不会如他所希望的那样大。法院裁定库克只能因不当行为被解雇，这使特朗普的计划变得复杂。人们对米兰在白宫和联邦储备系统可能担任双重角色的担忧加剧，许多人担心政治影响可能导致通货膨胀和更高的借贷成本</p>

<p>WASHINGTON (AP) — President Donald Trump's goal of appointing a majority of the Federal Reserve's board of governors faced a setback late Tuesday when a court blocked his unprecedented attempt to fire Lisa Cook.</p>
<div class="lb-trans"><p>华盛顿（美联社）——唐纳德·特朗普总统希望任命大多数联邦储备委员会成员的目标在周二晚间遭遇挫折，因为法院阻止了他前所未有的解雇丽莎·库克的尝试。</p>
</div><p>Get <strong>investing news</strong> alerts:</p>
<div class="lb-trans"><p>获取 <strong>投资新闻</strong> 提醒：</p>
</div><p>But the very next next day, his nominee to replace another Fed governor moved forward, giving him one more opportunity during his second term to reshape the Fed.</p>
<div class="lb-trans"><p>但就在接下来的第二天，他提名的另一位联邦储备委员会成员的替代人选获得了进展，这为他在第二任期内重新塑造联邦储备提供了一个机会。</p>
</div><p>Over time, Trump will almost certainly get the lower short-term interest rate he is seeking, economists say, although it's unlikely the Fed will shave 3 percentage points from its current level of about 4.3%, as he has demanded, even if he gets most of the seats on the seven-member board.</p>
<div class="lb-trans"><p>经济学家表示，随着时间的推移，特朗普几乎肯定会获得他所寻求的较低短期利率，尽管即使他获得七人委员会的大多数席位，联邦储备也不太可能将当前约 4.3% 的利率削减 3 个百分点，正如他所要求的那样。</p>
</div><p>On Wednesday, Trump got one step closer to reaching a majority when the Senate Banking Committee approved the president's nomination of Stephen Miran, one of his top economic advisers, to an open position on the Fed's board. The full Senate is expected to approve Miran shortly. He could end up participating in the central bank's policy meeting next week, when it is expected to reduce its key interest rate by a quarter-point to about 4.1%.</p>
<div class="lb-trans"><p>周三，特朗普在接近获得多数席位方面又迈出了一步，参议院银行委员会批准了总统提名的斯蒂芬·米兰，作为联邦储备委员会的一个空缺职位。他预计很快将获得参议院的批准。他可能会参与下周中央银行的政策会议，届时预计将把关键利率下调四分之一个百分点至约 4.1%。</p>
</div><p>But he took a step back with Cook after a federal court blocked Trump's attempt to fire her late Tuesday. Jia Cobb, a judge appointed by former president Joe Biden, ruled that the firing was illegal because the administration did not provide sufficient cause to remove her. That means Cook is also likely to participate in next week's Fed meeting.</p>
<div class="lb-trans"><p>但在库克的事情上，他却退了一步，因为联邦法院在周二晚间阻止了特朗普解雇她的尝试。由前总统乔·拜登任命的法官贾·科布裁定，解雇是非法的，因为政府没有提供足够的理由来解除她的职务。这意味着库克也可能参与下周的联邦储备会议。</p>
</div><p>The Trump administration appealed that ruling Wednesday, and many observers expect the case could end up at the Supreme Court.</p>
<div class="lb-trans"><p>特朗普政府周三对该裁决提出上诉，许多观察人士预计此案可能最终会进入最高法院。</p>
</div><p>Here are where things stand regarding Trump, the Federal Reserve, and its traditional independence.</p>
<div class="lb-trans"><p>以下是关于特朗普、联邦储备及其传统独立性目前的情况。</p>
</div><p>Trump's ability to fire Cook</p>
<div class="lb-trans"><p>特朗普解雇库克的能力</p>
</div><p>Fed governors aren't like Cabinet members or other officials who serve at the pleasure of the president. Under the law governing the Fed, they can't be fired over policy disagreements, but can be dismissed “for cause.”</p>
<div class="lb-trans"><p>联邦储备委员会的成员与内阁成员或其他可以随总统意愿任命的官员不同。根据管理联邦储备的法律，他们不能因政策分歧而被解雇，但可以因 “正当理由” 被解雇。</p>
</div><p>Trump has accused Cook of committing mortgage fraud when she bought two properties in 2021 —before she joined the Fed — which she said were both “primary residences.” Such a designation can result in lower down payments and mortgage rates than if one of the homes was classified as a rental or second house.</p>
<div class="lb-trans"><p>特朗普指控库克在 2021 年购买两处房产时犯有抵押贷款欺诈——在她加入联邦储备之前——她表示这两处房产都是 “主要居所”。这样的分类可以导致比将其中一处房产归类为出租房或第二住宅时更低的首付款和抵押贷款利率。</p>
</div><p>On Tuesday, Cobb ruled that Fed governors can only be fired for malfeasance or other actions while in office and said the White House also failed to provide Cook with a chance to formally respond to charges against her.</p>
<div class="lb-trans"><p>周二，科布裁定，联邦储备委员会的成员只能因在职期间的不当行为或其他行为被解雇，并表示白宫也未能给库克提供正式回应指控的机会。</p>
</div><p>The appeals court or the Supreme Court could stay the district court's decision, which would remove Cook from the Fed's board until her case is resolved. The Supreme Court has shown sympathy for Trump's arguments that the president can remove many officials from agencies previously seen as independent. But in a case earlier this year, the Supreme Court said that the central bank is a “unique, semi-private entity” and suggested its officials may have greater protection from being removed by the White House.</p>
<div class="lb-trans"><p>上诉法院或最高法院可以暂停地区法院的裁决，这将使库克在她的案件解决之前离开联邦储备委员会。最高法院对特朗普的论点表示同情，认为总统可以解除许多以前被视为独立机构的官员的职务。但在今年早些时候的一起案件中，最高法院表示，中央银行是一个 “独特的半私有实体”，并暗示其官员可能享有更大的保护，不会被白宫解除职务。</p>
</div><p>Miran's appointment raises concerns over Fed independence</p>
<div class="lb-trans"><p>米兰的任命引发了对联邦储备独立性的担忧</p>
</div><p>Trump picked Miran to replace former Fed governor Adriana Kugler, who stepped down Aug. 1. Miran would, if approved, simply finish her term, which expires in January.</p>
<div class="lb-trans"><p>特朗普选择米兰来替代前联邦储备委员会成员阿德里安娜·库格勒，后者于 8 月 1 日辞职。如果获得批准，米兰将完成她的任期，该任期将于明年 1 月到期。</p>
</div><p>Miran has taken the unusual step of planning to keep his job as the chair of the White House's Council of Economic Advises if he does win Senate approval. While previous presidents have appointed their aides to the Fed, they have always then stepped down from White House jobs.</p>
<div class="lb-trans"><p>如果他获得参议院批准，米兰采取了不寻常的步骤，计划继续担任白宫经济顾问委员会主席。虽然之前的总统曾任命他们的助手进入联邦储备，但他们总是会辞去白宫的职务。</p>
</div><p>Nearly all economists and most Wall Street investors prefer a Fed that is independent from day-to-day politics. They worry that if the Fed falls under the control of the White House, it will keep its key interest rate lower than justified by economic fundamentals to satisfy Trump’s demands for cheaper borrowing.</p>
<div class="lb-trans"><p>几乎所有经济学家和大多数华尔街投资者都更倾向于一个独立于日常政治的联邦储备。他们担心，如果联邦储备落入白宫的控制之下，它将把关键利率维持在低于经济基本面所合理的水平，以满足特朗普对更便宜借贷的要求。</p>
</div><p>That could accelerate inflation and over time could also push up longer-term interest rates, such as those on mortgages and car loans. Investors may demand a higher yield to own bonds to offset greater inflation in the future, lifting borrowing costs for the U.S. government and the entire economy.</p>
<div class="lb-trans"><p>这可能加速通货膨胀，并随着时间的推移推高长期利率，例如抵押贷款和汽车贷款的利率。投资者可能会要求更高的收益率来持有债券，以抵消未来更大的通货膨胀，从而提高美国政府和整个经济的借贷成本。</p>
</div><p>Where things currently stand with the Fed</p>
<div class="lb-trans"><p>联邦储备目前的情况</p>
</div><p>If Miran is confirmed, he will be the third Trump appointee to the Fed's seven-member board, after Trump appointed Christopher Waller and Michelle Bowman in his first term. If Cook is able to keep her seat, then Trump's next opportunity would arrive in May, when current Fed Chair Jerome Powell's term ends.</p>
<div class="lb-trans"><p>如果米兰获得确认，他将成为特朗普任命的第三位联邦储备委员会成员，此前特朗普在第一任期内任命了克里斯托弗·沃勒和米歇尔·鲍曼。如果库克能够保住她的席位，那么特朗普的下一个机会将出现在 5 月，当时现任联邦储备主席杰罗姆·鲍威尔的任期结束。</p>
</div><p>It's possible that Powell could pull an unusual move and remain on the Fed's board even after stepping down as chair. If so, that would deprive Trump of another appointment and would force him to choose a new chair from the existing seven governors.</p>
<div class="lb-trans"><p>鲍威尔可能会采取不寻常的举动，即在辞去主席职务后仍留在联邦储备委员会。如果是这样，这将剥夺特朗普另一个任命的机会，并迫使他从现有的七位委员中选择新的主席。</p>
</div><p>Powell has declined to answer when he has been asked whether he will leave the board after his term as chair ends. But if he does leave, then Trump could appoint a fourth member and gain a majority.</p>
<div class="lb-trans"><p>鲍威尔在被问及他是否会在担任主席的任期结束后离开委员会时拒绝回答。但如果他离开，特朗普就可以任命第四位成员并获得多数。</p>
</div><p>The four other governors are serving terms that last beyond the end of Trump's time in office. Governors are appointed to 14-year terms, in part to shield them from political pressure.</p>
<div class="lb-trans"><p>其他四位委员的任期将持续到特朗普任期结束之后。委员的任期为 14 年，部分原因是为了保护他们免受政治压力。</p>
</div><p>Still, many governors step down before their terms end, so Trump may have more opportunities to add loyalists to the board.</p>
<div class="lb-trans"><p>尽管如此，许多委员在任期结束前辞职，因此特朗普可能还有更多机会向委员会增添忠诚者。</p>
</div><p>“Over time the composition of the Fed aligns with the views of the administration because you pick like-minded people,” said Vincent Reinhart, chief economist at BNY, a bank. “The direction of travel is for lower rates.”</p>
<div class="lb-trans"><p>“随着时间的推移，联邦储备的组成与政府的观点保持一致，因为你会选择志同道合的人，” BNY 银行首席经济学家文森特·赖因哈特表示。“趋势是降低利率。”</p>
</div><h2>Where Should You Invest $1,000 Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资$1,000 吗？</h2>
</div><p>Before you make your next trade, you'll want to hear this.</p>
<div class="lb-trans"><p>在你进行下一笔交易之前，你会想听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.</p>
<div class="lb-trans"><p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。</p>
</div><p>Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.</p>
<div class="lb-trans"><p>我们的团队已经确定了五只股票，顶级分析师正在悄悄地向他们的客户推荐，现在购买，以便在更广泛的市场注意到之前……而且没有任何大名鼎鼎的股票在名单上。</p>
</div><p>They believe these five stocks are the five best companies for investors to buy now...</p>
<div class="lb-trans"><p>他们认为这五只股票是投资者现在应该购买的五家最佳公司……</p>
</div><p>See The Five Stocks Here</p>
<div class="lb-trans"><p>查看这五只股票</p>
</div>

Trump takes one step back and another forward in his attempt to reshape the Fed

- 特朗普试图解雇美联储理事库克遭法院阻止。  
- 参议院银行委员会批准特朗普提名的米兰，可能影响美联储政策。  
- 美联储独立性受到关注，经济学家担忧政治干预可能导致通胀加剧。  

特朗普在试图重塑美联储的过程中采取了一步退后又一步向前的策略