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A shadow Fed chief could lead to a ‘revolt’ on the FOMC against Powell’s successor, former vice chair warns
fortune.com/2025/06/28/shadow-fed-chair-backfire-fomc-revolt-trump-jerome-powell
Former Federal Reserve Vice Chair Alan Blinder said naming a so-called shadow Fed chief well before Jerome Powell’s term is up would sow confusion in financial markets and even set up a potential revolt against the eventual chair. Wall Street analysts also it is a self-defeating idea…
This story appeared on fortune.com, 2025-06-28 22:33:16.