Recently, the people over there with Trump have been pondering one thing, which is to quickly find a temp worker to fill the vacancy at the Federal Reserve. This temp worker isn't just anyone; they have to have worked in the government and also get the approval of those old senators. In simple terms, Trump just wants to buy himself some time to slowly choose a compliant Federal Reserve chairman.

On August 2, the Federal Reserve suddenly announced that a member named Kuggler would be leaving next week. This made Trump very happy—wasn't it like a pie falling from the sky? He could immediately arrange for one of his people to step in and give the current chairman Powell a hard time. Even better, this newcomer might directly take Powell's position in the future!

Kuggler is set to leave on August 8, saying he is going back to teach at Georgetown University. He didn't show up at the important Federal Reserve meeting last week, claiming he had family matters. This person is quite significant; he was previously the chief economist at the U.S. Department of Labor and was only appointed to the Federal Reserve by Biden last year.

I would say Trump is playing this quite skillfully. Think about it, there are only a few months left until the election, and he certainly wants to quickly place a few of his people in the Federal Reserve. The Federal Reserve controls the money bag of the United States; if the chairman is one of his people, then printing money and adjusting interest rates will be much easier to manage. Now that Kuggler is suddenly leaving, it’s like Trump has been given a big gift.

However, this matter is not that simple. The senators are not to be underestimated; if Trump wants to push someone in, he still has to consider their opinions. Moreover, the Federal Reserve is concerned with professionalism; not just anyone can enter. If Trump forcibly pushes an outsider in, it could end up being a joke.