In a highly unconventional political move, former President Donald Trump is reportedly planning to announce a “shadow” Federal Reserve chair —well before current Fed Chair Jerome Powell’s term expires in May 2026. But what does that actually mean, and why should real estate professionals and homeowners care? Let’s break it down. 🔍 What Is a “Shadow Fed Chair”? Rather than wait for Powell’s term to expire, Trump’s team is expected to publicly promote a preferred successor as early as this fall . This individual—lacking any official authority—would serve as a symbolic future leader of the Fed , with the goal of influencing market expectations now, not later. This approach is being labeled as the appointment of a “shadow Fed chair” —someone who signals a future shift in monetary policy, potentially toward lower interest rates . 🧠 The Strategy Behind It Forward guidance : Even though Powell is still in charge, publicly signaling a new direction can shift how investors, lenders, an...
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